S&P Global expects sukuk issuance to touch $100bn in 2020
Sukuk issuance volume is expected to total around $100bn for 2020, about 40 percent lower than in 2019. The…
Islamic Finance
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Saudi Ground Services signs $133.3mln murabaha with Saudi British Bank
The Saudi Ground Services Company (SGS) has signed a 500 million Saudi riyals ($133.3 million) murabaha financing agreement with the…
Islamic Development Bank Group to respond to COVID-19 with USD 2.3 Billion package and to launch three supportive and robust initiatives in partnership with UAE Ministry of Economy and AIM
A crowd of over 1000+ engaged participants comprising of exceptional entities, seasonal practitioners, Government officials, individual investors, business associations, entrepreneurs,…
Abu Dhabi Islamic Bank raises foreign ownership to 40%
Abu Dhabi Islamic Bank has announced raising the percentage of foreign ownership to 40%, from 25%, of its issued capital…
Saudi Central Banker Says ‘Too Early’ to Call Recovery V-Shaped
Saudi Arabia’s central bank governor said it’s “too early” to tell if the economy of the world’s largest oil exporter…
UAE- Sharjah Islamic Bank records 55% increase in use of online services
Sharjah Islamic Bank recently recorded a 55 per cent increase among users of digital channels and smart services, while the…
Emirates Islamic named ‘Islamic Bank of the Year – UAE 2020’ by The Banker
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced that it has been awarded the…
ADIB records surge in demand for digital banking services
Abu Dhabi Islamic Bank has recorded high levels of digital adoption across its retail and corporate banking services in the…
Islamic banks ‘way ahead in adopting financial technology’
Fintech transformation in Islamic banks is well underway as institutions look to leverage the advantages it offers and realise the…
Islamic finance sector needs to unlock its long-term potential
The Covid-19 pandemic has caused significant disruption to the global economy and financial markets, including the global Islamic finance industry.…
Dubai Islamic Bank lists $300m sukuk on Nasdaq Dubai
Dubai Islamic Bank, the largest Islamic bank in the UAE, listed a $300m sukuk on the Nasdaq Dubai exchange on…
Saudi’s Islamic Development Bank lists $1.5bn sustainability sukuk on Nasdaq Dubai
Saudi Arabia’s Islamic Development Bank has listed a $1.5bn sukuk on Nasdaq Dubai and will use the capital raised to…