Bahrain's Ibdar inks $29.5m deal for UK student homes project
Bahrain-based Ibdar Bank has announced the closing of a $29.5 million joint venture deal to develop a prime purpose-built student…
Islamic Finance
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Warba Bank gets central bank approval for $250 million sukuk
Warba Bank has received approval from the central bank of Kuwait to issue up to $250 million (Dh918 million) of…
Turkey boosts efforts to become the next big player in Islamic finance
As part of Turkish President Recep Tayyip Erdogan’s concept of strengthening the religious pillars in society, Turkey embarked on a…
CMA Organizes a Conference for Development of Sukuk Market in Collaboration With World Bank
In collaboration with the World Bank, the Capital Market Authority will organize a conference dedicated to Sukuk markets (Islamic Bonds)…
Sharjah Islamic Bank rings bell to celebrate listing of $500 million Sukuk on Nasdaq Dubai
“Our listing in the region’s international exchange supports our visibility among global and regional investors as well as providing first…
UAE’s potential to become global sukuk leader
When Dubai set an ambitious target in 2013 to become the hub of global Islamic economy little did the industry…
Turkey aims to triple market share of Islamic finance
Turkey is committed to tripling the market share of Islamic finance, bringing it up to 15 percent by 2023, Deputy…
Al Hilal Bank appoints CFO
Abu Dhabi government owned Al Hilal Bank said on Sunday it had appointed Craig Bell as chief financial officer. …
Al Baraka Banking Group to expand network in Pakistan
The Bahrain-based Islamic bank expects final approval to incorporate its unit in Morocco next month. Bahrain-based Al Baraka Banking…
Islamic Development Bank appoints nine banks for five-year sukuk -bankers
The Islamic Development Bank has appointed nine banks to arrange a new Islamic bond issue likely to be in excess…
Saudi Arabia’s future borrowing will include Islamic bonds, says minister
Saudi Arabia may follow its first international debt issuance with an Islamic bond sale, Finance Minister Ibrahim Al Assaf said,…
Ahli United Bank lists US$200m Sukuk on Nasdaq Dubai
Ahli United Bank, one of Kuwait’s financial institutions, listed a US$200 million Sukuk today on Nasdaq Dubai, the region’s international…