UAE: Islamic personal law reforms are good for business
Reforms announced to Islamic personal laws in the UAE will have a positive impact for the local economy and business…
Islamic Finance
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Dubai Islamic Bank sells $1b in perpetual sukuk
Dubai Islamic Bank, the United Arab Emirates’ largest Islamic lender, on Thursday sold $1 billion in Additional Tier 1 sukuk,…
Oman announces Omani Rial sovereign Sukuk issuance for retail investors
The Government of Oman represented by the Ministry of Finance has announced the successful completion of Series 4 of the…
Global sukuk issuance to decline slightly in 2020, says Moody's
Global issuance of sukuk, or Islamic bonds, is expected to decline modestly in 2020 after four years of consecutive growth,…
Al Rajhi Bank calls off merger talks with MIDF
Al Rajhi Bank said it ended and discontinued the merger discussions between its fully-owned subsidiary, Al Rajhi Banking and Investment…
Saudi SABB Takaful Q3 losses widen 108%
The net losses of SABB Takaful Co deepened by 108% year-on-year (YoY) during the third quarter (Q3) of 2020, reaching…
Qatar businessmen keen on Islamic finance in PH
Qatari businessmen are pushing for the planned cooperation on Islamic banking with the Philippines as they looked into collaboration in…
Afreximbank, ITFC and BADEA launch Collaborative COVID-19 Pandemic Response Facility
The African Export-Import Bank partners with the International Islamic Trade Finance Corporation, the Trade Finance Arm of the Islamic Development…
Squire Patton Boggs names Islamic finance head
Squire Patton Boggs, a leading legal practitioner in Saudi Arabia, has appointed banking, Islamic finance and financial services regulatory expert…
Will Noor Bank’s merger with Dubai Islamic Bank lead to layoffs?
Dubai Islamic Bank (DIB) announced the completion of the merger of Noor Bank’s operations, after the successful transfer of all…
Nasdaq Dubai welcomes listing of USD 600 million Sukuk by Islamic Corporation for the Development of the Private Sector
Capital has raised will support private sector activities within the 55 member countries of the Islamic Corporation for the Development…
Dubai Islamic Bank completes Noor Bank integration in 283 days, well ahead of target date
The full integration of Noor Bank into Dubai Islamic Bank has been completed, with the final phase involving the migration…