Saudi government selling up to SAR20bn of bonds – report
The Saudi Arabian government is raising up to SAR20bn ($5.3bn) from banks in this month’s sale of domestic bonds, financial…
Islamic Finance
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Damac signs £200m deal with Lendlease to build Versace-designed Aykon London One residential tower
UAE-based Damac Properties has signed a £200m deal with Lendlease, an Australian infrastructure company, to build Aykon London One, its…
ADIB wins Global Finance Innovation Award
Abu Dhabi Islamic Bank has been named one of the top innovators in Islamic finance by Global Finance magazine for…
Alizz Islamic unveils loan scheme to purchase land
As part of its efforts to make ownership of land a reality for all, Alizz Islamic Bank has introduced a…
Al Hilal Bank’s new CIO looks to collaborate with fintechs
UAE-based Al Hilal Bank has got a new CIO, Gopi Krishnan. He is calling on fintech CEOs to get in…
Nakheel Repays $1.2 Billion Bond, Ending Dubai Debt Saga
Nakheel PJSC, the developer of Dubai’s palm-shaped islands, has repaid an Islamic bond, bringing an end to a debt restructuring…
Qatar sells $1.26bn in bonds, sukuk
Qatar's central bank sold SR4.6 billion ($1.26 billion) of conventional and Islamic government bonds on Tuesday in its first domestic…
World Sukuk Market Growing at 8.51% CAGR to 2020
The following companies are the key players in the global sukuk market: Abu Dhabi Islamic Bank, Al Baraka Bank, Al…
$11 Trillion Muslim Wealth Mountain Calls to Asian Fund Managers
The race to tap an $11.5 trillion pool of wealth held by Muslim individuals, institutions and governments is intensifying. …
Al-Baraka Bank ready to purchase Burj Bank; final approval on Aug 22
The AL-Baraka Bank Limited has decided to purchase the Burj Bank Pakistan and has submitted a request to the State…
ADIB Egypt reports H1 profit up by a third
ADIB Egypt said standalone net revenue was up 42 per cent to EGP 927 million. Total assets were up…
Bahrain's Investcorp eyes new global investments in 2017
Bahrain-based Investcorp is aiming to make one to two new investments in the next year in each of its regions…