Islamic Finance

Awards and Recognition

Islamic Corporation for the development of the Private Sector (ICD) Launches the ICD Finnovation Award 2020

November 19, 2020

The Islamic Corporation for the development of the Private Sector has launches the “ICD Finnovation Award 2020”, to recognize, showcase…

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Islamic Finance

Default Resolution Regimes Untested in Most Islamic Finance Markets

November 18, 2020

The economic volatility caused by the coronavirus pandemic highlights the need for an effective bankruptcy resolution system in most Islamic…

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Comment & Analysis

Zakat, Waqf, and Social Sukuk Can Support Long-Term Growth of Islamic Finance: S&P

November 16, 2020

Standard and Poor’s Global expects the global Islamic finance industry to record a mild recovery in the short-term, following 11.4%…

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Comment & Analysis

Safest Islamic Banks In The GCC

November 13, 2020

Sharia principles have stood the test of time, and while Standard & Poor’s considers Islamic institutions somewhat more vulnerable than…

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Comment & Analysis

Kuwaiti Islamic Banks' Asset Quality and Profitability Under Pressure

November 13, 2020

Profitability at Kuwaiti Islamic banks will continue to be affected by lower profit rates, lower business volumes and higher financing…

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Islamic Finance

UAE: Islamic personal law reforms are good for business

November 13, 2020

Reforms announced to Islamic personal laws in the UAE will have a positive impact for the local economy and business…

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Comment & Analysis

Dubai Islamic Bank sells $1b in perpetual sukuk

November 13, 2020

Dubai Islamic Bank, the United Arab Emirates’ largest Islamic lender, on Thursday sold $1 billion in Additional Tier 1 sukuk,…

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Hedge Funds & Alternative Investments

Oman announces Omani Rial sovereign Sukuk issuance for retail investors

November 12, 2020

The Government of Oman represented by the Ministry of Finance  has announced the successful completion of Series 4 of the…

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Hedge Funds & Alternative Investments

Global sukuk issuance to decline slightly in 2020, says Moody's

November 10, 2020

Global issuance of sukuk, or Islamic bonds, is expected to decline modestly in 2020 after four years of consecutive growth,…

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Islamic Finance

Al Rajhi Bank calls off merger talks with MIDF

November 9, 2020

Al Rajhi Bank said it ended and discontinued the merger discussions between its fully-owned subsidiary, Al Rajhi Banking and Investment…

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Comment & Analysis

Saudi SABB Takaful Q3 losses widen 108%

November 9, 2020

The net losses of SABB Takaful Co deepened by 108% year-on-year (YoY) during the third quarter (Q3) of 2020, reaching…

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Islamic Finance

Qatar businessmen keen on Islamic finance in PH

November 9, 2020

Qatari businessmen are pushing for the planned cooperation on Islamic banking with the Philippines as they looked into collaboration in…

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