Bahrain’s GIB sets up $1.11bn sukuk scheme
Bahrain’s Gulf International Bank has set up a 3.5bn Malaysian ringgit ($1.11bn) programme for potential sale of Islamic bonds, the…
Islamic Finance
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London firm sells Abu Dhabi bank site for US$26.6m
The developer of the One Hyde Park apartment complex in London’s affluent Knightsbridge sold the last of three retail spaces…
Appetite for Islamic Bonds rises despite "Grexit"-fears
While the Euro zone crisis has been weighing on investors' sentiment and on global economic prospects, the issuance of…
Dubai's JAFZA gets consent to repay $2 billion sukuk early
Dubai's Jebel Ali Free Zone (JAFZA) said on Sunday it had received the consent from a majority of sukukholders for…
Islamic bank Gulf Finance House seeks better times
Gulf Finance House is eyeing acquisitions and restarting stalled projects in Bahrain in an effort to turn around its fortunes.…
Ajman Bank Named 'Best Islamic Bank'
Ajman Bank has announced that it has been named 'Best Islamic Bank' on the Arab Achievement Awards presented on the…
Islamic bank Gulf Finance House seeks better times
Gulf Finance House is eyeing acquisitions and restarting stalled projects in Bahrain in an effort to turn around its fortunes.…
Dubai Islamic Bank successfully returns to the International Capital Markets
Dubai Islamic Bank priced on Tuesday 22 May a highly successful US$ 500 million 5 year Sukuk due May…
Islamic finance to strengthen economic and financial linkages between Asia and the Middle East
The rapid international expansion of Islamic finance reflects its ability to remain competitive and to increasingly meet the complex requirements…
UAE needs unified Shariah board: Central Bank
The UAE needs a centralised body for the Islamic finance industry to help develop its sukuk market further, a top…
DIFC investments $1 billion loan near; to help Sukuk REFI
DIFC Investments, the investment arm of the company running Dubai’s financial free zone, is close to securing a $1 billion…
Turkey seeks market capitalism alternatives
If you have any doubt that Islamic finance is creeping into the mainstream global financial system where it matters, albeit…