Al Hilal Global Sukuk Fund delivers 3.83 per cent dividend
Al Hilal Bank announced the dividend payout of its flagship fund, Al Hilal Global Sukuk Fund. The Fund, which…
Islamic Finance
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Qatar- Islamic finance and digital currencies: The halal aspect
With the growing utilisation of fintech in the Islamic finance sector, the question arises what role digital currencies and blockchain…
3 banks get nod to open branches in Saudi Arabia
The central bank has given permissions to three commercial banks to operate in Saudi Arabia, the biggest destination of Bangladeshi…
Jordan Islamic Bank posts profits before tax of $118.1 million for 2016
Jordan Islamic Bank a subsidiary of Al Baraka Banking Group achieved profits before tax in an amount of US$ 118.1…
Islamic finance boom calls for increase in human capital
In the fast-growing industry of Islamic finance, the lack of specialized, trained human capital in the field continued to be…
Halic Leasing widens Turkey's Islamic finance market
Istanbul-based Halic Leasing is expanding its sharia-compliant business portfolio to tap demand from small businesses, the latest sign that Turkey's…
Takaful Emarat Net Profits increase by 47 per cent
DFM-listed, Shari'ah-compliant Life and Health Takaful provider, Takaful Emarat delivered strong growth across its core business for FY 2016, with…
Dubai Islamic Bank issues $1 billion senior Sukuk
Dubai Islamic Bank announced the successful pricing of the largest senior Sukuk issuance by a financial institution globally. The…
Bahrain's Ibdar appoints the BIBF for board training
Bahrain-based wholesale Islamic Investment bank, Ibdar Bank, has announced the appointment of Bahrain Institute of Banking and Finance to deliver…
Dubai Islamic Bank sets final guidance at MS+ 175 bps area for five year sukuk leads
Dubai Islamic Bank, the largest Islamic bank in the United Arab Emirates, has set final pricing guidance for its planned…
Islamic Development Bank appoints Dr. Abdulhakim Elwaer as group spokesperson
The President of Islamic Development Bank, Dr. Bandar Hajjar has announced the appointment of Dr. Abdulhakim Elwaer as the official…
Sukuk market remains inactive in the Gulf
Sukuk issuance was muted last year and, contrary to some market commentators, S&P Global Ratings does not believe this was…