Islamic Finance

Insurance

Etihad Credit Insurance launches 'ECI Islamic'–Shariah-compliant export credit solutions to boost UAE's halal trade industry

October 22, 2020

Muslim spend across halal food, pharmaceutical, and Islamic lifestyle sectors is slated to grow from $2.2 trillion in 2018 to…

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Comment & Analysis

Qatar Islamic Bank markets five-year dollar sukuk – document

October 21, 2020

Qatar Islamic Bank has begun marketing a five-year U.S. dollar-denominated sukuk, or Islamic bonds, a document showed on Tuesday.  …

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Islamic Finance

QIIB first Qatari bank to implement ‘SWIFT gpi’ payment system phase three

October 21, 2020

Close on the heels of launching the ‘SWIFT gpi’ payment system in February this year, leading Islamic bank QIIB has…

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Financial Results

Dubai Islamic Bank reports Dh3.12b 9-month net profits

October 21, 2020

Dubai Islamic Bank (DIB) on Tuesday reported Dh3.12 billion net profit for the 9-month period ended September 30, 2020, down…

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FinTech

Abu Dhabi Islamic Bank launches UAE's first virtual banking sales platform

October 19, 2020

Abu Dhabi Islamic Bank has launched a remote sales platform allowing customers to converse with the bank and apply for…

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Comment & Analysis

First Abu Dhabi Bank denies merger talks with Abu Dhabi Islamic Bank

October 15, 2020

First Abu Dhabi Bank said on Wednesday it was not in merger talks with Abu Dhabi Islamic Bank.   The…

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Islamic Finance

IIFM Publishes Ijarah Sukuk Standards

October 14, 2020

The International Islamic Financial Market has announced the publication of its Sukuk Al Ijarah Standard Documentation Templates.    The suite…

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Islamic Finance

Islamic Corporation for the Development of the Private Sector issues $600 mln five-year sukuk

October 12, 2020

The Islamic Corporation for the Development of the Private Sector (ICD) sold a $600 million five-year sukuk with a profit…

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Hedge Funds & Alternative Investments

Islamic syndications become attractive than sukuk in GCC

October 11, 2020

Islamic financing (loan) syndications are becoming popular among borrowers in the core Islamic countries such as the GCC Turkey, Malaysia…

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Coronavirus

COVID-19 to take a heavy toll on GCC bank profits in 2020, says Moody's

October 11, 2020

Slowing business activity across the GCC from the coronavirus outbreak amplified by falling hydrocarbon revenues are expected to impact the…

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Hedge Funds & Alternative Investments

Islamic Corporation for the Development of the Private Sector Completes Pricing for a 5-Year USD 600 Million Sukuk Issuance

October 9, 2020

The Islamic Corporation for the Development of the Private Sector, has announces successful completion of the pricing of a five-year…

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Hedge Funds & Alternative Investments

Dubai's Shuaa looks to plug demand gap with new Sharia funds

October 9, 2020

Shuaa Capital, the Dubai-based asset management and investment banking firm, has launched three Sharia compliant funds, with $75 million of…

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