Islamic Bonds In Sub-Sahara: UAE Now No. 4 For Foreign Investment
A number of African countries have opted to issue sukuk, or Islamic bonds, as an alternative to raise funds for…
Islamic Finance
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The Banker FT Names ADIB Best Islamic Bank in the UAE
Abu Dhabi Islamic Bank, a top-tier Islamic financial services institution, has been named "Best Islamic Bank of the Year Award"…
Moody's assigns Counterparty Risk Assessment to 16 UAE banks
Moody's Investors Service has assigned Counterparty Risk Assessments (CR Assessments) to 16 banks in the United Arab Emirates (UAE). It…
Bank Aljazira scores prestigious Customer Service Awards
Bank Aljazira has scored a major achievement following the announcement that Aljazira Phone has won the Gold Medal & 1stRank…
King & Spalding Advises ACWA Holding on Landmark Islamic Financing for US$2 Billion Industrial Gases Project
King & Spalding advised Arabian Company for Water and Power Development on the Islamic financing for a new US$2 billion…
Dubai sovereign wealth fund sees profits surge 62%
Investment Corporation of Dubai (ICD), the emirate’s sovereign wealth fund has reported increased profits of $7.75 billion (AED28.5 billion) for…
Oman central bank sets up Islamic banking department
The Omani central bank has established an independent department to handle Islamic banking, it said on Wednesday, in a step…
Germany's first interest-free Islamic bank opens in Frankfurt
Germany has opened its first Islamic bank representing a full range of banking services in accordance with the laws of…
Saudi-based APICORP picks 4 banks for international sukuk issue
Saudi Arabia-based Arab Petroleum Investments Corp (APICORP) has mandated four banks for a debut international sukuk issue this year, according…
CBI appoints new Head of Islamic Banking
Commercial Bank International (CBI) has announced the appointment of Mamoon Abdel Kader as its new Head of Islamic Banking. Mark…
Islamic Management and Governance Centre to be set up in Dubai
The Department of Economic Development in Dubai and the Institute of Corporate Governance Hawkamah, a subsidiary of the Dubai International…
Qatar Islamic Bank raises 2 billion riyals with Tier 1 sukuk
The sale was completed on Tuesday and was in accordance with Basel III banking rules,it said in a statement to…