Islamic Finance

Coronavirus

Islamic Corporation for the Development of the Private Sector Emergency Response to the Impact of the COVID-19 Pandemic

March 26, 2020

On 11th March 2020, the World Health Organization (WHO) declared COVID-19 a pandemic.    ICD (ICD-ps.org) is deeply concerned about…

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Hedge Funds & Alternative Investments

Emirate of Sharjah lists US$200 million Sukuk on Nasdaq Dubai

March 24, 2020

The Emirate of Sharjah has listed a US$200 million Sukuk on Nasdaq Dubai, bringing the total value of Sukuk listed…

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Coronavirus

Islamic Development Bank comes to the rescue of virus-hit members

March 24, 2020

Just as Gulf Times reported last week that a number of Islamic finance umbrella organisations worldwide were assessing the potential…

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Hedge Funds & Alternative Investments

Khalifa Foundation receives donation from Dubai Islamic Bank

March 24, 2020

The Khalifa bin Zayed Al Nahyan Foundation received a AED1.2 million donation from Dubai Islamic Bank, to support its efforts…

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Islamic Finance

Ajman Bank offers set of initiatives to support UAE’s Economy

March 23, 2020

Under the directives of H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive…

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Islamic Finance

Al Salam bank AGM approves dividend distribution of 8% of paid up capital

March 20, 2020

Shareholders of Al Salam Bank-Bahrain (ASBB) (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) approved in their…

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Islamic Finance

KFH implements remote working solutions to ensure employee health and safety

March 19, 2020

In its continued effort to enhance productivity and assure wellness of its employees, Kuwait Finance House has announced that it…

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FinTech

QIB calls on customers to use online platforms for all banking transactions

March 18, 2020

Taking into consideration the ongoing pandemic, Qatar Islamic Bank has urged customers to bank safely by using its mobile application…

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Comment & Analysis

Dubai's DIB shareholders approve increase in foreign ownership limit

March 17, 2020

Shareholders of Dubai Islamic Bank, the largest Islamic bank in the UAE, have approved an increase in foreign ownership limit…

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Islamic Finance

Bank Nizwa Discusses Growth of Islamic Finace With Local Treasury Dealers and Financial Institutions

March 17, 2020

Bank Nizwa, the pioneer and leading dedicated Islamic bank in Oman, recently hosted a special dinner event for local Treasury…

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FinTech

Al Wifaq International Islamic Bank selects ICSFS core banking package

March 16, 2020

Al Wifaq International Islamic Bank for Investment and Finance has selected the most holistic Islamic banking software; ICS BANKS ISLAMIC…

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Hedge Funds & Alternative Investments

Kenya Re targets Egypt with Sharia-compliant subsidiary

March 13, 2020

Kenya Re wants to establish a Shariah-compliant subsidiary in Egypt after converting into capital Ksh5.25 billion ($52.5 million) from its…

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