Islamic Finance

Awards and Recognition

QIIB awarded ‘Most Innovative Islamic Retail Bank in Qatar for 2021’ by International Finance Magazine – UK

September 29, 2021

QIIB has been honored with the ‘Most Innovative Islamic Retail Bank 2021’ – an annual prestigious recognition awarded by the…

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FinTech

Abu Dhabi bank to launch UAE's first virtual Buy Now Pay Later prepaid card

September 27, 2021

Abu Dhabi Islamic Bank (ADIB) has partnered with Spotii, a digital payments provider, to introduce the first virtual Buy Now…

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Islamic Finance

Kuwait's Warba Bank to issue $250mln sukuk

September 24, 2021

Warba Bank, a Kuwait-based Islamic Bank, is preparing to issue another sukuk to boost its capital base, according to a…

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FinTech

Saudi Arabia's Positive Facilities taps Path for core banking

September 23, 2021

The newly established financing company in Saudi Arabia, Positive Facilities Co. Ltd. (“Ejabiah”), has signed an agreement on the 26th…

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Islamic Finance

BANK NIZWA, Oman & AAOIFI, Bahrain sign a pioneering MoU for Islamic Finance Development in Oman

September 22, 2021

Bank Nizwa has proudly signed a comprehensive MoU with the top Islamic Finance Standard Setting Body, AAOIFI, Bahrain, in a…

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Awards and Recognition

Refinitiv awarded Best Islamic Data Provider 2021 by The Asset

September 21, 2021

Refinitiv has been awarded the Best Islamic Data Provider 2021 by The Asset, Asia’s leading financial publication for issuers and…

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Comment & Analysis

Islamic banks in GCC ‘focusing on low-risk retail finance’

September 21, 2021

Islamic banks in GCC countries and South and Southeast Asia are focusing on low-risk retail finance, which will help protect…

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Islamic Finance

ADIB Partners with DenekB, a UAE based FinTech company, to expand digital payment choices for consumers in the UAE

September 14, 2021

Abu Dhabi Islamic Bank has announced its partnership with DenekB that is part of Visa’s Fintech Fast Track program, to…

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Hedge Funds & Alternative Investments

Dubai's Gulf Islamic Investments to acquire stake in Saudi healthcare firm

September 14, 2021

Dubai-based Gulf Islamic Investments (GII) will acquire a stake in a healthcare company in Saudi Arabia for $600 million as…

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Awards and Recognition

IsDB Institute wins 'Best Islamic Research & Development' award for 2021

September 14, 2021

The Islamic Development Bank Institute (IsDBI) has gained yet another recognition by winning the ‘Best Islamic Research & Development Award’…

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Islamic Finance

Egypt accounts for EGP 347bn of global Islamic banking of $2.7trn: Finance Ministry

September 13, 2021

The first Arab forum on sovereign sukuk and its role in the development of Arab societies has concluded with the…

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Financial Results

Sukuk issuance will drop in 2021 as finances of Gulf countries improve

September 8, 2021

After five consecutive years of growth, global sukuk issuances will be flat or slightly lower this year as higher crude…

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