Islamic Finance

Islamic Finance

Afreximbank, ITFC and BADEA launch Collaborative COVID-19 Pandemic Response Facility

November 5, 2020

The African Export-Import Bank partners with the International Islamic Trade Finance Corporation, the Trade Finance Arm of the Islamic Development…

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Executive Moves

Squire Patton Boggs names Islamic finance head

November 5, 2020

Squire Patton Boggs, a leading legal practitioner in Saudi Arabia, has appointed banking, Islamic finance and financial services regulatory expert…

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Islamic Finance

Will Noor Bank’s merger with Dubai Islamic Bank lead to layoffs?

November 4, 2020

Dubai Islamic Bank (DIB) announced the completion of the merger of Noor Bank’s operations, after the successful transfer of all…

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Hedge Funds & Alternative Investments

Nasdaq Dubai welcomes listing of USD 600 million Sukuk by Islamic Corporation for the Development of the Private Sector

November 3, 2020

Capital has raised will support private sector activities within the 55 member countries of the Islamic Corporation for the Development…

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Comment & Analysis

Dubai Islamic Bank completes Noor Bank integration in 283 days, well ahead of target date

November 2, 2020

The full integration of Noor Bank into Dubai Islamic Bank has been completed, with the final phase involving the migration…

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Hedge Funds & Alternative Investments

Emirate of Sharjah to raise $250mln in 2029 sukuk re-opening

October 30, 2020

Sharjah, the third-largest of the United Arab Emirates, sold $250 million in a re-opening of existing sukuk due in October…

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Comment & Analysis

QFB’s total income remains stable in third quarter

October 30, 2020

Qatar First Bank   has reported a net loss of QR20.2m attributable to equity holders of the Bank for the third…

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Environment and Sustainable Investments

UAE’s Etihad issues $600m sustainability-linked sukuk

October 30, 2020

UAE’s Etihad Airways has issued a $600m sukuk which is linked to its carbon reduction targets.   The airline has…

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Financial Results

QIIB net profit reaches QR785mn at end of third quarter

October 28, 2020

QIIB was able to continue achieving distinguished results despite the challenges, deriving its strong position from the Qatari economy, says…

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Islamic Finance

DIB to suspend services for final merger phase with Noor Bank

October 27, 2020

Dubai Islamic Bank will temporarily suspend its services to complete the final phase of its merger with Noor Bank. The…

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Financial Results

Saudi's Al Rajhi Bank reports 3% drop in third-quarter profit

October 26, 2020

Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported a 3% drop in third-quarter net profit on Sunday, but…

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Financial Results

Boubyan Bank records operating profits ended September 2020

October 26, 2020

Boubyan Bank has announced KD 70 million in operating profits for the nine months ended September 2020, despite the exceptional…

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