Dubai Islamic Bank hires for US$ Reg S sukuk
Dubai Islamic Bank, rated A3/A (Moody's/Fitch), has mandated banks for a proposed US dollar benchmark five-year or long five-year Reg…
Islamic Finance
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Dar Al Takaful to buy Noor Takaful for Dh215m
Islamic insurance company Dar Al Takaful is buying competitor Noor Takaful for Dh215 million in cash, as it looks to…
Dubai Islamic Bank to revive Islamic bond deal postponed amid market turmoil – sources
Dubai Islamic Bank has revived plans to issue a U.S. dollar-denominated sukuk, or Islamic bond, sources familiar with the matter…
Qatar capital market seen needing short-term, good quality Shariah products
Qatar's capital market needs short-term good quality Islamic money market products to help the banking sector strengthen the liquidity during…
UAE and Saudi women control assets worth $326bln – BCG
Women’s wealth in the Middle East is expected to grow to $1.1 trillion from the current $786 billion during the…
Emirate of Sharjah hires banks for sukuk that could go up to $1 billion
Sharjah, the third-largest emirate of the United Arab Emirates, has hired banks to arrange the issuance of seven-year U.S. dollar…
Abu Dhabi Islamic Bank's CEO resigns after about one year in the role
The chief executive of Abu Dhabi Islamic Bank, Mazin Manna, has resigned, the bank said on Sunday, after being in…
ADIB appoints interim chief executive as group CEO steps down
Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, appointed chief operating officer as the interim head of…
Post-COVID-19 economic revival: Islamic finance can play a key role in GCC
Islamic finance social instruments could help countries navigate the economic turbulence wrought by the COVID-19 pandemic in core Islamic finance…
Moody’s affirms QIIB rating at ‘A2’ with stable outlook
QIIB has announced that the credit rating agency Moody’s has affirmed the bank’s rating at ‘A2’ with a stable outlook,…
Saudi Islamic Banks' Financial Metrics Deteriorated, but Sound
Fitch Ratings-London/Dubai-19 May 2020: Saudi Islamic banks' financial metrics deteriorated mildly in 2019 but remained sound, Fitch Ratings says in…
These 9 UAE companies rank among the world's Top 2,000
Nine UAE firms have made it to the list of the world's top 2,000 companies, becoming the second most represented…