Bahrain prices $800mln long 8-year sukuk and $1.3bln 12-year bond
The Kingdom of Bahrain priced a dual-tranche US dollar denominated offering comprising an $800 million long eight-year sukuk and a…
Islamic Finance
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Islamic bank Mal raises $230M in Gulf’s largest seed round
Mal, an Abu Dhabi-based Islamic digital bank, raised $230 million in the biggest ever seed round in the Gulf. …
Aafaq rolls out World Elite Mastercard credit card
Mastercard has joined Aafaq Islamic Finance (Aafaq) in a strategic collaboration aimed at supporting the launch of a new variant…
Sohar Islamic Advances financial inclusion with the opening of its new Bowsher retail branch
As part of its continued efforts to bring Sharia-compliant banking closer to communities, Sohar Islamic – the Islamic banking window…
Bahrain Islamic Bank signs MoU with University of Technology Bahrain to provide training opportunities for students
Bahrain Islamic Bank has announced the signing of a Memorandum of Understanding with the University of Technology Bahrain (UTB). …
Qatar Islamic Bank officially inaugurates its new head office at QIB Towers, West Bay
Qatar Islamic Bank has officially inaugurated its new Head Office at QIB Towers in West Bay during a formal ceremony…
Oman’s Islamic banking assets rise to $24bn on credit growth
Oman’s Islamic banking assets climbed to about 9.2 billion Omani rials ($23.9 billion) by the end of October, underscoring steady…
Nasdaq Dubai welcomes USD 500mln Sukuk by Majid Al Futtaim amid strong momentum in Islamic Debt Markets
Nasdaq Dubai has welcomed the listing of a USD 500 million Sukuk issued by (MAF Sukuk Ltd.), as the company…
QIB secures global banking excellence award in London
Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has been named Bank of the Year – Qatar by The Banker…
Tokenization and digital sukuk set to transform GCC capital markets
As digital transformation accelerates in the GCC, innovative formats are reshaping the structure of Islamic bonds. Tokenised sukuk, AI-enabled Shariah-compliant…
BisB named strategic banking partner for HQ Industrial project in Hidd
Hope Ventures, the investment arm of the Hope Fund, has announced a strategic partnership with Bahrain Islamic Bank (BisB), naming…
Sharjah mandates banks for 10.5 year USD benchmark sukuk
The Government of Sharjah has mandated regional and international banks to arrange a benchmark-sized, USD-denominated sukuk offering under its existing…