GCC sukuk issuance set to decline in 2021
Sukuk [Islamic bonds] issuances across GCC countries are set to decline in 2021 compared to the previous year according to…
Islamic Finance
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Saudi Exim Bank signs reinsurance agreement with ICIEC
The Saudi Exim Bank have signed an agreement with the Islamic Corporation for the Insurance of Investment and Export Credit…
ADIB debuts Amwali, an Islamic digital proposition targeting GenZ
Abu Dhabi Islamic Bank has officially unveiled “Amwali”, the world’s first Islamic digital proposition targeting youth between the age of…
Bahrain's Ahli United Bank launches $600 million senior sukuk
Bahrain-headquartered Ahli United Bank sold $600 million in five-year sukuk, or Islamic bonds, at 175 basis points over mid-swaps, a…
Dubai's Meraas plans refinancing of $600m Islamic bonds
Dubai's Meraas Holding, a state-linked property developer, plans to tender its existing US dollar-denominated Islamic bonds for cash and issue…
Islamic Development Bank launches Saudi-backed $100m fund in Uzbekistan
The Islamic Development Bank is launching an economic development fund in Uzbekistan, which is backed by Saudi investors. The…
Bahrain's Ahli United Bank hires banks for dollar senior sukuk – document
Bahrain-headquartered Ahli United Bank has hired banks to arrange the sale of U.S. dollar-denominated five-year senior sukuk, or Islamic bonds,…
Bahrain's Ahli United Bank hires banks for dollar senior sukuk – document
Bahrain-headquartered Ahli United Bank has hired banks to arrange the sale of U.S. dollar-denominated five-year senior sukuk, or Islamic bonds,…
KFH key pillar in supporting Kuwait Economy and NDP
Deputy General Manager SME and Business Banking at Kuwait Finance House (KFH), Yousef Ibrahim Almutawa, said that KFH offers wide…
Gulf Islamic Investments and Capital Bay announce joint venture
The platform’s debut offering, valued at EUR 500 million, will launch in September with a first deployment intended for Q4…
Dukhan Bank named Best Islamic Digital Bank
Dukhan Bank has received two awards by the New York-based Global Finance Magazine for ‘Best Islamic Digital Bank in Qatar…
ADIB launches Amwali, the world’s first Islamic Digital Bank targeting GenZ
Abu Dhabi Islamic Bank (ADIB) officially unveiled “Amwali” digital bank, the world’s first Islamic digital bank targeting youth between the…