Bank Muscat’s Islamic Unit Plans $300m Dual-Currency Sukuk Issue
The Islamic unit of Bank Muscat, Oman’s largest lender, plans a dual-currency U.S. dollar and rial sukuk issue worth around…
Islamic Finance
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International conference brings together over 100 Islamic economy arbitrators, experts
The International Conference of Arbitrators and Experts in the Islamic Economy was organised last Thursday in Dubai, brought together some…
Bank Muscat's Islamic unit plans $300 mln dual-currency sukuk issue
The issue, which could carry tenors of between three and five years, would be part of a 500 million rial…
Dubai's DIB in talks for 40% stake in Indonesian lender
Dubai Islamic Bank, the largest sharia-compliant lender in the emirate, is in talks with a publicly-listed Islamic bank in Indonesia…
UAE regulator cuts minimum sukuk size, eases securities borrowing
The United Arab Emirates' financial market regulator has set new rules for Islamic and corporate bonds to encourage trading in…
HSBC Joins CIMB for Record-Setting Pace of Worldwide Sukuk Sales in 2014
Worldwide sukuk sales surged in April, setting the stage for a record year as Middle East issuers fund infrastructure projects…
Deutsche Bank named Global Best Islamic Custodian 2014
Deutsche Bank announced today that it has been selected as Global Best Islamic Custodian 2014 by Global Finance magazine. …
Islamic banks assets hit RO 808 million
The starting of Islamic banking in the Sultanate is an important development and now the country boast of two full-fledged…
Jordan Islamic Bank posts first-quarter net profit of $14.7 million
Jordan Islamic Bank,, a subsidiary of Bahrain-based Al Baraka Banking Corp, reported first-quarter net profit of 10.4 million dinars ($14.7…
IDB opens Malaysia office to plug trading gap
Islamic Cooperation for the Development of the Private Sector, a unit of IDB, got a license in February from the…
Turkiye Finans advised by King & Spalding on issuance of $500 million Sukuk
“We were delighted to have worked with Turkiye Finans on this transaction,” said Rizwan H. Kanji, a partner in King…
Al Hilal GCC Equity Fund wins '2014 Best Islamic Fund' at Banker Middle East Product Awards UAE
Al Hilal Bank, the progressive Islamic Bank, has announced that its Al Hilal GCC Equity Fund was named the '2014…