Sukuk issuance seen recovering from COVID stress
Global sukuk issuance volumes are expected to recover and reach last year’s levels in 2020 despite the unprecedented stress from…
Islamic Finance
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Sarwa Capital, Amer Group to issue sukuk before year-end
Sarwa Capital and Amer Group will issue Sukuk before the end of the year, unnamed sources told Daily News Egypt.…
QIB successfully closes $750m 5-year Sukuk
Qatar Islamic Bank, rated A1/A-/A (all stable) by Moody’s/Standard & Poor’s/Fitch, successfully closed a $750m 5-year Sukuk with a profit…
Etihad Credit Insurance launches 'ECI Islamic'–Shariah-compliant export credit solutions to boost UAE's halal trade industry
Muslim spend across halal food, pharmaceutical, and Islamic lifestyle sectors is slated to grow from $2.2 trillion in 2018 to…
Qatar Islamic Bank markets five-year dollar sukuk – document
Qatar Islamic Bank has begun marketing a five-year U.S. dollar-denominated sukuk, or Islamic bonds, a document showed on Tuesday. …
QIIB first Qatari bank to implement ‘SWIFT gpi’ payment system phase three
Close on the heels of launching the ‘SWIFT gpi’ payment system in February this year, leading Islamic bank QIIB has…
Dubai Islamic Bank reports Dh3.12b 9-month net profits
Dubai Islamic Bank (DIB) on Tuesday reported Dh3.12 billion net profit for the 9-month period ended September 30, 2020, down…
Abu Dhabi Islamic Bank launches UAE's first virtual banking sales platform
Abu Dhabi Islamic Bank has launched a remote sales platform allowing customers to converse with the bank and apply for…
First Abu Dhabi Bank denies merger talks with Abu Dhabi Islamic Bank
First Abu Dhabi Bank said on Wednesday it was not in merger talks with Abu Dhabi Islamic Bank. The…
IIFM Publishes Ijarah Sukuk Standards
The International Islamic Financial Market has announced the publication of its Sukuk Al Ijarah Standard Documentation Templates. The suite…
Islamic Corporation for the Development of the Private Sector issues $600 mln five-year sukuk
The Islamic Corporation for the Development of the Private Sector (ICD) sold a $600 million five-year sukuk with a profit…
Islamic syndications become attractive than sukuk in GCC
Islamic financing (loan) syndications are becoming popular among borrowers in the core Islamic countries such as the GCC Turkey, Malaysia…