Africa Finance Corp seals $150m Nasdaq Dubai sukuk deal
Africa Finance Corporation said it has carried out a $150-million Islamic financing transaction on the Murabaha platform of Nasdaq Dubai,…
Islamic Finance
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Dubai’s largest Sharia-compliant lender approves sukuk programme
Dubai Islamic Bank, the biggest Sharia-compliant lender in the emirate, said that its board of directors have approved a US$5…
Kuveyt Turk gets nod for 2 bln lira sukuk, closes Dubai unit
Turkish participation bank Kuveyt Turk has received regulatory approval to raise 2 billion lira ($555.8 million) via Islamic bonds, or…
Dar Al Sharia wins ‘Mohammed Bin Rashid Al Maktoum Business Innovation Award’
Dar Al Sharia, a subsidiary of Dubai Islamic Bank, won the ‘Mohammed Bin Rashid Al Maktoum Business Innovation Award’ in…
AAOIFI unveils new Islamic Shari'ah standard on gold
The new Standard was officialy unveiled at a launch event in Dubai on 5 December 2016 where the Accounting and…
Al-Arabiya Islamic Bank Selects ICS BANKS ISLAMIC System from ICS Financial Systems
The signing ceremony took place in Amman Jordan Attending the ceremony were the General Manager of Al-Arabiya Islamic Bank; Mr.…
Dubai Islamic 2016 profit up 6pc to $1.1bn
Dubai Islamic Bank (DIB) has reported a net profit of Dh4.050 billion ($1.1 billion) for 2016, an increase of 6…
Al Baraka Banking Group Achieve US$ 152 million Net Income Attributable to Equity Holders of the Parent in 2016
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C announced that it achieved a noticeable increase in…
QIB names board members for 2017-19
QIB annual general meeting has selected the following board members for the period 2017-2019, after the withdrawal of two board…
Qatar Islamic Bank gets nod to raise AT1 Capital Sukuk limit
Qatar Islamic Bank’s ordinary general assembly has given approval to increase the limit of the perpetual Sukuk from QR5bn to…
Proposed three-way merger would be beneficial for Qatari Banks
The merger is currently at due diligence stage and will be subject to approval by the relevant authorities and the…
CBB Sukuk Al-Salam securities subscribed
Subscriptions worth BD 43 million were received for the BD 43 million issue, which carries a maturity of 91 days.…