QFC develops sustainable sukuk, bonds framework
The Qatar Financial Centre has developed a sustainable sukuk and bonds framework, the first in the GCC or Gulf Cooperation…
Islamic Finance
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Bahraini Islamic banking sector to grow driven by public demand
Bahrain’s Islamic banking sector growth (including Islamic windows) is expected to continue apace in 2022-2023, following strong momentum in 2021,…
Public demand to drive growth in Bahraini Islamic banking sector
Bahrain’s Islamic banking sector growth (including Islamic windows) is expected to continue growth in 2022-2023, thanks to the strong momentum…
Saudi Arabia issues $2.75bln sukuk in March, Kingdom’s debt offices reports
Saudi Arabia’s National Debt Management Center has closed the March 2022 issuance of Saudi riyal-denominated sukuk, valued at SR10.3 billion…
Qatar consistently among top 10 in Islamic finance globally
Qatar, which has QR528bn of Islamic finance assets, has been consistently ranked among top 10 of the world’s leading Islamic…
CBB Sukuk Al-Salam securities oversubscribed
Subscriptions worth BD 77.330 million were received for the BD 43 million issue, which carries a maturity of 91 days.…
Abu Dhabi Islamic Bank enhances its digital banking ecosystem
Abu Dhabi Islamic Bank (ADIB) has announced that it will continue to develop its digital banking ecosystem and be at…
Kuwaiti Islamic banks post 4th best growth rate in financing operations
According to the data issued by Moody’s Agency for Investors Services from 2019 to the third quarter of 2021, shows…
Saudi Arabia issue $7bln sukuk in March, Kingdom's debt offices says
Saudi Arabia’s National Debt Management Center, also known as NDMC, issued a new Saudi riyal-denominated Sukuk worth around SR26.2 billion…
Islamic finance industry set for continued growth in 2022 despite challenges
The Islamic finance sector is set to continue growing in 2022 as the accelerating economic recovery, particularly in the GCC…
Saudi Social Development bank gives $2.9bln in loans in 2021
Saudi Arabia's Social Development Bank disbursed SR11 billion ($2.9 billion) worth of loans in 2021, SDB’s Business Executive Sultan Alhamidi,…
Islamic banking in Egypt amounts to EGP 429bn in 2021: Eifa
The volume of Islamic banking in Egypt amounted to about EGP 429bn in 2021, representing about 5% of the total…