Gulf loan market subdued but government-related entity deals surge – ADIB
Overall loan activity in the Gulf is about 20% to 25% lower than a year ago, but deals by government-related…
Islamic Finance
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UAE, Bahrain, Turkey top Islamic countries on World Bank Human Capital Index
UAE, Bahrain and Turkey are the top Islamic countries on the World Bank Group’s Human Capital Index 2020 but there…
UAE's Emirates Islamic Bank confirms $500mln bond sale
UAE-based Emirates Islamic Bank has confirmed it has sold Islamic bonds, or sukuk, worth $500 million to beef up liquidity.…
Abu Dhabi Islamic Bank signs MoU with Israel’s Bank Leumi
Abu Dhabi Islamic Bank has signed a memorandum of understanding with Bank Leumi, one of Israel’s largest banks. ADIB…
Saudi 'proxy' Bahrain grabs $2 billion with bond comeback
Bahrain sold $2 billion in its second bond offering of the year on Wednesday, a dual-tranche issuance comprising seven-year sukuk,…
Oman plans to launch third issue of sovereign sukuk issue
Oman's Ministry of Finance announced to launch of the third issue of sovereign Islamic bonds (sukuk) denominated in Omani rials…
Emirates Islamic Bank hires banks for 5-year dollar sukuk – document
Emirates Islamic Bank has hired banks to arrange the issuance of U.S. dollar-denominated five-year sukuk, or Islamic bonds, a document…
BisB launches end-to-end account opening solution
Bahrain Islamic Bank (BisB) recently launched its new end-to-end digital service which allows individual establishments and Sijili customers to open…
KFH–Bahrain Launches A First-Of-Its-Kind Islamic Securitization Program
KFH–Bahrain, announced today the launch of a first-of-its-kind Shari’a compliant Securitization Program offering financial institutions and state-owned entities an innovative…
QIB honoured at The Asian Banker’s prestigious award ceremony
Qatar Islamic Bank’s (QIB) best-in-class services have been recognised with three prestigious awards from The Asian Banker, a leading international…
Bahrain sells $2 billion in sukuk and bonds
Bahrain sold $2 billion in its second bond offering of the year on Wednesday, a dual-tranche issuance comprising seven-year sukuk,…
The International Islamic Trade Finance Corporation and Mizuho Bank Malaysia Sign US$100 million Trade Financing Deal
The International Islamic Trade Finance Corporation signed a US$100 million Murabaha-structured line of trade finance with Mizuho Bank in Malaysia,…