Standard Chartered makes key UAE hire as it targets Islamic banking growth
Standard Chartered has announced the appointment of Ali Allawala as head of Islamic banking (Saadiq) for the UAE as it…
Islamic Finance
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Boubyan Bank inks pact with DIFC to launch accelerator
Boubyan Bank, the leading Islamic bank based in Kuwait, has signed a landmark agreement with DIFC FinTech Hive to launch…
Islamic finance moving beyond GCC
Over the past two decades, international investment banks have brought to market many increasingly sophisticated Shariah-compliant financial instruments — and…
QIB launches first Visa Direct remittance service in Qatar
Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has announced the launch of a new remittance service, Visa Direct, in…
IIFM and ISDA publish the IBOR Fallback Bilateral Amendment Agreement and IBOR Fallback Definitions Booklet
The International Islamic Financial Market and the International Swaps and Derivatives Association, Inc. have announced the publication of the ISDA/IIFM…
ADIB provides over AED 1bln in UK commercial real estate financing in 2021
Leading Islamic financial institution Abu Dhabi Islamic Bank PJSC, today announced that it has provided over AED 1 billion (£200…
SEDCO Capital Announces additional offering to increase the total asset value of SEDCO Capital REIT Fund
SEDCO Capital, a global Shariah-compliant and ethically led asset management and investment advisory firm has announced the commencement of the…
Legal Advisors and Baker McKenzie act for the underwriters on Saudi Tadawul Group's landmark IPO
Legal advisors, Abdulaziz Alajlan & Partners alongside Baker McKenzie, London, have acted for the underwriters on Saudi Tadawul Group Holding’s…
Saudi Real Estate Refinance Company issues SAR 2bln Sukuk, under its existing Sukuk Programme
Saudi Real Estate Refinance Company (SRC) successfully completed issuing a SAR 2 billion Sukuk to support lenders in the housing…
ADIB's Amwali Youth Bank elevates customers' experiences with chat banking services
Abu Dhabi Islamic Bank has announced the introduction of Amwali’s AI Chat bot. Through automated responses, Amwali Chat Banking will…
Revealed: How UAE banks performed during Q3
UAE-based banks registered a sharp rise in earnings during the third quarter of 2021, indicating that they are prioritising profitability…
Standard Chartered appoints UAE Head of Islamic Banking
Standard Chartered has announced the appointment of Ali Allawala as Head of Islamic Banking (Saadiq) for the United Arab Emirates…