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. …
Islamic Finance
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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,…
Islamic real estate financier posts net profit of $53.6m
Amlak Finance, a specialized Islamic real estate financier in the Middle East, on Wednesday reported a net profit of 197…
QIIG reports a net profit of QR40.96m for H1, 2021
Qatar Islamic Insurance Group, a Qatari public shareholding company, has disclosed its financial statements for the first half of the…
SAMA launches Islamic finance research support program
The Saudi Central Bank (SAMA) announces the launching of the Islamic finance research support program to support researchers in the…
Emirates Islamic wins global award for 'Best Credit Card' and 'Best Islamic Bank in Customer Experience'
Emirates Islamic has secured two prestigious awards at the World Finance Islamic Finance Awards 2021, recognising the bank’s excellence in…
US$ 174.6 billion sukuk issued globally in 2020
The International Islamic Financial Market (IIFM) announced the launch of the 10th Anniversary Edition of its Annual Sukuk Report. The…