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…
Islamic Finance
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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…
Introspect Capital appoints Shariyah Review Bureau
DIFC (Dubai) based Introspect Capital has received approval from the DFSA to conduct Financial Services through an Islamic Window. Introspect…
Egypt to begin offering sukuk in first half of 2022 – ministry
Egypt will begin issuing sukuk, or sharia-compliant Islamic bonds, in the first half of 2022, the finance ministry said in…
Saudi Arabia closes $3bln August sukuk program
The National Debt Management Center has closed the August 2021 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. …
The IFSB issued the Ninth Edition of its Annual Flagship Publication: the Islamic Financial Services Industry Stability Report 2021
The Islamic Financial Services Board (IFSB) today issued the ninth edition of its annual flagship publication: the Islamic Financial Services…
LIBOR transition and Islamic finance in the GCC – accelerating the transition
In the GCC, Islamic financings that are not provided in a local currency are usually in US dollars. In many…
ADIB's Ethical Finance Innovation Challenge and Awards hits 100 applications with deadline extended
EFICA receives over 100 applications to date Awards include two categories, Ethical Finance Initiative and the Islamic Finance Challenge Award…
Abu Dhabi’s ADIB lines up Dh124m for student housing in London
Abu Dhabi Islamic Bank (ADIB) has provided Dh124 million through its UK operations to support Bahrain-based Blacksand with their latest…
Fitch affirms QIIB’s rating at ‘A’
Global credit rating agency Fitch has affirmed Qatar International Islamic Bank’s (QIIB) rating at ‘A’ with a stable outlook during…
Amlak Finance posts of $53.67mln net profit in H1
Amlak Finance, a leading Islamic real estate financier, reported on Wednesday a net profit of Dh197 million for H1 2021,…