Saudi Arabia issues $2.6bn worth of riyals-denominated Sukuk in April
Saudi Arabia’s National Debt Management Center issued SR9.98 billion ($2.6 billion) worth of riyals-denominated Sukuk in April. In a…
Islamic Finance
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Islamic Development Bank hires banks for 5-year dollar sukuk
The Jeddah-based Islamic Development Bank has hired a group of banks to arrange the sale of five-year U.S. dollar-denominated sukuk,…
Mastercard recognizes QIB on the anniversary of first Islamic point of sale solution in Qatar
Qatar Islamic Bank (QIB) has received recognition from Mastercard on the third anniversary of the launch of Qatar’s first Islamic…
Al Baraka Islamic Bank Launches Exclusive Real Estate Financing Solutions to Customers
Al Baraka Islamic Bank, one of the leading Bahraini financial institutions in the field of Islamic banking, announced that it…
How Islamic Finance Can Support the Gambia's Economic Development
Tapping into Islamic finance will attract foreign direct investment into the Gambia and contribute significantly to its economic development. It…
Sohar Islamic inks agreement to provide retail and wholesale banking solutions to Madayn
Contributing and promoting the national agenda of diversification as well as generating in country value (ICV), Sohar Islamic - Sohar…
QIB profit grows 14% to reach QR855m in Q1
Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, has announced the results for the three months’ period ended 31 March…
Emirates Islamic launches Emarati Business Account to support UAE national companies
UAE-based bank Emirates Islamic has launched Emarati Business Account, designed specifically to cater to the needs of UAE national companies,…
UAE’s National Bonds’ investments rise by 36% to Dhs11.89bn in 2021
Shari’a-compliant savings and investment company, National Bonds’ 2021 annual profits report has revealed that more UAE nationals and residents are…
Qatar's QIC, QInvest to create Islamic asset management company
Qatar Insurance Company (QIC) and QInvest, a leading investment bank in Qatar, have announced that they are joining forces to…
QIB completes legal procedures to raise foreign ownership limit up to 100%
Qatar Islamic Bank Group has completed legal procedures regarding raising the foreign ownership limit up to 100%. "Pursuant to…
Qatar takes part in Arab Monetary Fund, Arab Finance Ministers Council meetings
The meeting took place in Jeddah in the Kingdom of Saudi Arabia. The session reviewed the most important regional and…