Islamic banks' reputation surges amidst pandemic
A report by CARMA has identified the top five Islamic banks in the MENA and Asia regions in terms of…
Islamic Finance
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Saudi Arabia sukuk to join widely followed FTSE bond index
FTSE Russell said on Thursday that Saudi Arabia's sukuk will be added to its widely followed local currency Emerging Markets…
Sedco Capital, Lombard launch Shariah-compliant fund
Sedco Capital and Lombard Odier has launched the SC LO Global ESG Equities Fund, an ESG-focused and Shariah-compliant UCITS strategy…
QIIB awarded ‘Most Innovative Islamic Retail Bank in Qatar for 2021’ by International Finance Magazine – UK
QIIB has been honored with the ‘Most Innovative Islamic Retail Bank 2021’ – an annual prestigious recognition awarded by the…
Abu Dhabi bank to launch UAE's first virtual Buy Now Pay Later prepaid card
Abu Dhabi Islamic Bank (ADIB) has partnered with Spotii, a digital payments provider, to introduce the first virtual Buy Now…
Kuwait's Warba Bank to issue $250mln sukuk
Warba Bank, a Kuwait-based Islamic Bank, is preparing to issue another sukuk to boost its capital base, according to a…
Saudi Arabia's Positive Facilities taps Path for core banking
The newly established financing company in Saudi Arabia, Positive Facilities Co. Ltd. (“Ejabiah”), has signed an agreement on the 26th…
BANK NIZWA, Oman & AAOIFI, Bahrain sign a pioneering MoU for Islamic Finance Development in Oman
Bank Nizwa has proudly signed a comprehensive MoU with the top Islamic Finance Standard Setting Body, AAOIFI, Bahrain, in a…
Refinitiv awarded Best Islamic Data Provider 2021 by The Asset
Refinitiv has been awarded the Best Islamic Data Provider 2021 by The Asset, Asia’s leading financial publication for issuers and…
Islamic banks in GCC ‘focusing on low-risk retail finance’
Islamic banks in GCC countries and South and Southeast Asia are focusing on low-risk retail finance, which will help protect…
ADIB Partners with DenekB, a UAE based FinTech company, to expand digital payment choices for consumers in the UAE
Abu Dhabi Islamic Bank has announced its partnership with DenekB that is part of Visa’s Fintech Fast Track program, to…
Dubai's Gulf Islamic Investments to acquire stake in Saudi healthcare firm
Dubai-based Gulf Islamic Investments (GII) will acquire a stake in a healthcare company in Saudi Arabia for $600 million as…