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…
Islamic Finance
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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…
Qatari Islamic banks’ balance sheet grew to nearly $90bn in 2019: S&P
The balance sheet of Islamic banks in Qatar grew to nearly $90bn in 2019 compared with $82.6bn in 2018, a…
$2.5t Islamic finance sector to rebound gradually
The $2.5 trillion global Islamic finance industry is on course to return to slow growth in 2021 after recovering from…
QIB recognised ‘Islamic Bank of The Year’ at The Asset Triple A Islamic Finance Awards
Qatar Islamic Bank has announced the recognition of its GCEO, Bassel Gamal, as ‘Middle East’s Islamic Banker of The Year’,…
Sukuk market to lag 2019 performance on lower corporate issuance
The Islamic bond market has seen some improvement in recent months but its overall performance in 2020 will remain weaker…
Saudi-based Islamic investment firm acquires West Michigan properties in joint venture
The owner of two industrial properties in West Michigan has launched a new joint venture with a boutique Saudi investment…