Islamic Finance

FinTech

Emirates Islamic enhances digital leadership by launching the first branch with Interactive Teller Machines

March 9, 2020

Emirates Islamic has announced the launch of its first branch with Interactive Teller Machine at City Centre Mirdif, marking a…

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Islamic Finance

Dubai Islamic Bank shareholders approve Noor Bank acquisition

March 6, 2020

Dubai Islamic Bank, the United Arab Emirates’ largest sharia-compliant bank, said on Wednesday it had received shareholder approval for the…

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FinTech

ADIB launches new forex digital platform

March 5, 2020

Abu Dhabi Islamic Bank has launched 'ADIB Direct eFX' platform to enable customers to get better online foreign exchange rates…

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Financial Results

Abu Dhabi-based banks report Dhs40.3bn net income in 2019

March 4, 2020

Abu Dhabi-based commercial and Islamic banks reported a net income of Dhs40.3bn in 2019, reported news agency WAM.   The…

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Hedge Funds & Alternative Investments

Turkey to issue gold-backed bond, sukuk

March 3, 2020

Turkey's Treasury will issue a one-year gold-backed bond and sukuk to corporate investors on Wednesday.   The bond and sukuk…

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Islamic Finance

Saudi's Fawaz Abudulaziz Alhokair secures $800mln Islamic finance

March 3, 2020

Saudi-listed retail group, Fawaz Abdulaziz Alhokair Company, has signed an Islamic term Murabaha facility and a revolving credit facility agreement…

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FinTech

Boubyan Bank ready to combat Covid-19

March 3, 2020

Boubyan Bank’s Group General Manager - Administration Group, Mr. Waleed Al-Yaqout has confirmed that the bank has been prepared since…

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Comment & Analysis

Dubai Islamic postpones sukuk amid coronavirus volatility: sources

March 2, 2020

Dubai Islamic Bank has postponed a planned issuance of U.S. dollar-denominated sukuk due to market conditions resulting from the new…

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Islamic Finance

UAE's Gulf Islamic Investments buys New York office building

March 2, 2020

Gulf Islamic Investments has acquired a property in New York, just half an hour away from bustling Manhattan.   The…

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Hedge Funds & Alternative Investments

Gulf Islamic Investment buys property in New York state

March 1, 2020

Gulf Islamic Investments acquired an office building located close to US Federal, Supreme, District and County courthouses in upstate New…

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Comment & Analysis

Islamic finance in Qatar is witnessing 'unprecedented' expansion, says al-Kuwari

February 28, 2020

Islamic finance, which is a key economic pillar of Qatar, has been witnessing an 'unprecedented expansion and the assets within…

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Hedge Funds & Alternative Investments

Qatar First Bank 'successfully exits' Shariah-compliant aviation deal

February 26, 2020

Qatar First Bank has announced the 'successful exit of a Shariah-compliant aviation deal, along with its investors, through the sale…

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