Egypt's Abu Dhabi Islamic Bank triples capital of subsidiary ADI-CF
The Egyptian Islamic bank, Abu Dhabi Islamic Bank (ADIB), announced it has increased the share capital of its consumer finance…
Islamic Finance
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Saudi British Bank launches shariah-compliant green deposit product
The Saudi British Bank (SABB) said it has launched a new Shariah-compliant green deposit product, the first in the kingdom…
Saudi National Bank plans Sukuk denominated in US Dollar
The Saudi National Bank plans to issue Islamic bonds, or Sukuk, denominated in US Dollar with the size of the…
Major Mena banks to post 29% jump in fourth- quarter earnings, EFG Hermes says
Major banks in the Middle East and North Africa are expected to post a 29 per cent annual increase in…
Promising outlook for global Sukuk market following robust 2021
Fitch Ratings-Dubai : “Growth will be anchored by robust Islamic investor appetite, funding diversification goals, and Islamic-finance development agendas in…
ADIB Egypt raises capital of its consumer finance company to $1.90mln
Abu Dhabi Islamic Bank (ADIB) Egypt has announced an increase in the issued and paid-in capital of the Abu Dhabi…
Chimera Capital LLC launches Shariah-compliant exchange traded fund tracking the S&P Saudi Arabia Shariah Index
Chimera Capital LLC has announced the launch of its Chimera S&P KSA Shariah Compliant Exchange Traded Fund (Bloomberg: CHSASHIN), a…
Egypt to issue first sovereign sukuk
Egypt is seeking to finalize the executive regulations for a sovereign sukuk by the end of this month, in preparation…
ADIB hires global transaction banking head
Abu Dhabi Islamic Bank (ADIB) has hired Mark Emmerson as its new head of global transaction banking, starting with immediate…
QIIB chosen ‘Strongest Islamic Retail Bank in Qatar’
Qatar International Islamic Bank has been chosen as the ‘Strongest Islamic Retail Bank in Qatar’ as part of ‘Islamic Retail…
QIB receives two prestigious awards from EMEA Finance
Qatar Islamic Bank have recently received two prestigious awards: “Best Islamic bank in Qatar” for the fifth consecutive year and…
The IILM announces leadership changes for 2022
The International Islamic Liquidity Management Corporation has appointed H.E. Khaled Mohamed Balama as the Chairman of its Governing Board (“GB”),…