Islamic Finance

Islamic Finance

Social responsibility initiatives in Dubai surpass $816mln in value in 2020, according to IACAD report

December 20, 2021

The Islamic Affairs and Charitable Activities Department in Dubai (IACAD) has revealed that the value of social responsibility initiatives implemented…

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Financial Results

Riyad Bank's board proposes dividend distribution for H2-21

December 17, 2021

Mubasher: The board of Riyad Bank has recommended a cash dividend distribution, equivalent to 5.4% of the capital, for the…

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Executive Moves

Standard Chartered makes key UAE hire as it targets Islamic banking growth

December 17, 2021

Standard Chartered has announced the appointment of Ali Allawala as head of Islamic banking (Saadiq) for the UAE as it…

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FinTech

Boubyan Bank inks pact with DIFC to launch accelerator

December 16, 2021

Boubyan Bank, the leading Islamic bank based in Kuwait, has signed a landmark agreement with DIFC FinTech Hive to launch…

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Islamic Finance

Islamic finance moving beyond GCC

December 15, 2021

Over the past two decades, international investment banks have brought to market many increasingly sophisticated Shariah-compliant financial instruments — and…

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FinTech

QIB launches first Visa Direct remittance service in Qatar

December 15, 2021

Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has announced the launch of a new remittance service, Visa Direct, in…

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Islamic Finance

IIFM and ISDA publish the IBOR Fallback Bilateral Amendment Agreement and IBOR Fallback Definitions Booklet

December 14, 2021

The International Islamic Financial Market and the International Swaps and Derivatives Association, Inc. have announced the publication of the ISDA/IIFM…

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Islamic Finance

ADIB provides over AED 1bln in UK commercial real estate financing in 2021

December 14, 2021

Leading Islamic financial institution Abu Dhabi Islamic Bank PJSC, today announced that it has provided over AED 1 billion (£200…

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Islamic Finance

SEDCO Capital Announces additional offering to increase the total asset value of SEDCO Capital REIT Fund

December 13, 2021

SEDCO Capital, a global Shariah-compliant and ethically led asset management and investment advisory firm has announced the commencement of the…

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Islamic Finance

Legal Advisors and Baker McKenzie act for the underwriters on Saudi Tadawul Group's landmark IPO

December 13, 2021

Legal advisors, Abdulaziz Alajlan & Partners alongside Baker McKenzie, London, have acted for the underwriters on Saudi Tadawul Group Holding’s…

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Islamic Finance

Saudi Real Estate Refinance Company issues SAR 2bln Sukuk, under its existing Sukuk Programme

December 13, 2021

Saudi Real Estate Refinance Company (SRC) successfully completed issuing a SAR 2 billion Sukuk to support lenders in the housing…

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FinTech

ADIB's Amwali Youth Bank elevates customers' experiences with chat banking services

December 10, 2021

Abu Dhabi Islamic Bank has announced the introduction of Amwali’s AI Chat bot. Through automated responses, Amwali Chat Banking will…

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