COVID-19 to take a heavy toll on GCC bank profits in 2020, says Moody's
Slowing business activity across the GCC from the coronavirus outbreak amplified by falling hydrocarbon revenues are expected to impact the…
Islamic Finance
6037 articles found
Islamic Corporation for the Development of the Private Sector Completes Pricing for a 5-Year USD 600 Million Sukuk Issuance
The Islamic Corporation for the Development of the Private Sector, has announces successful completion of the pricing of a five-year…
Dubai's Shuaa looks to plug demand gap with new Sharia funds
Shuaa Capital, the Dubai-based asset management and investment banking firm, has launched three Sharia compliant funds, with $75 million of…
UAE Central Bank joins hands with Dubai Islamic Economy Development Centre to strengthen Islamic banking
The Central Bank of the UAE has signed a memorandum of understanding with the Dubai Islamic Economy Development Centre to…
Sharjah Islamic Bank wins two prestigious international awards
Sharjah Islamic Bank won the “Best Islamic Bank” and the “Most Innovative Digital Bank” award, for the year 2020, at…
Bird & Bird advises on issuance of US$500m Sukuk for Emirates Islamic Bank
International law firm Bird & Bird has advised on the issuance of US$500,000,000 1.827 per cent. trust certificates due 2025…
Saudi Arabia strengthens position as world’s largest Islamic finance market
Islamic financing in Saudi Arabia will reach around 80 percent of system-wide loans in the next 12-18 months according to…
Zain Saudi raises $1.6 billion Islamic loan
Mobile Telecommunications Company Saudi Arabia (Zain KSA) has raised a 6 billion riyals ($1.60 billion) loan to refinance existing debt…
QIIB becomes first Islamic bank in Qatar to launch card for domestic work
QIIB has launched its latest bank payment solutions, a card for domestic workers, thus becoming the first Islamic bank in…
$ 73.5 billion in Sukuk on “Nasdaq Dubai” – the economic…
The value of new sukuk listings on Nasdaq Dubai since the beginning of 2020 until mid-September reached $ 11.4 billion,…
Qatar- Umnia Bank's services and products witness steady growth: Sheikh Dr Khalid
Umnia Bank's Board of Directors recently held a meeting, chaired by Sheikh Dr Khalid bin Thani bin Abdullah al-Thani, chairman…
Emirates Islamis Closes $500million Sukuk Issuance
One of the leading Islamic financial institutions in the UAE, Emirate Islamic, has successfully closed the issuance of a $500…