Arab Islamic Takaful insurance firm launched
A new Takaful insurance firm has been launched as a Kuwaiti joint stock close company with capital worth KD 5…
Islamic Finance
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Dubai's Shuaa buys stake in Bahrain's Khaleeji Commercial Bank
Dubai's Shuaa Capital bought a 14.01 percent stake in Bahrain's Khaleeji Commercial Bank on Sunday for 9.56 million dinars ($25.4…
Noor Al-Iraq Islamic Bank goes live on ICS BANKS® ISLAMIC from ICS Financial Systems
ICS Financial Systems Limited, the global software and services provider for banks and financial institutions, Today announced a successful…
Kuwait’s central bank fine-tunes governance of Islamic banks
Kuwait’s central bank has issued new governance rules for Islamic banks, including requirements for external sharia audits, as regulators seek…
Mideast Debt-Sukuk issuance to rebound in 2017 but investors may shun long en
After slumping in 2016, issuance of Islamic bonds from the Middle East looks likely to rebound next year as Gulf…
Saudi Arabia Said to Consider Sale of Islamic Bonds Next Quarter
Saudi Arabia has met with banks to discuss the potential sale of shariah-compliant bonds in the first quarter to help…
QIIB secures ‘highest’ certificate in bank card data protection
Qatar International Islamic Bank has obtained the “highest” certificate in bank card data protection from SISA, a global payment security…
Kuwait's Warba Bank hires banks to arrange up to $250m sukuk
Kuwait's Warba Bank has mandated nine banks to arrange an Islamic bond, or sukuk, of up to $250 million that…
Dawn of financial technology in Islamic finance
Over the past decade, financial technology widely referred to as FinTech has grown primarily due to growing Internet access worldwide…
Islamic finance set for big lift from Iran
The Islamic finance industry is expected to get a significant lease of life from the opening of Iran’s economy which…
FinTech essential, not an option for Islamic banking: EY
Over the past decade, financial technology widely referred to as FinTech has grown primarily due to growing Internet access worldwide…
UAE eyes Dubai as Islamic economy hub
The UAE’s Ministry of Finance recently signed a MoU with Dubai Islamic Economy Development Centre to boost co-ordination on matters…