IHS Markit and Tadawul launch Saudi government Sukuk index
The Saudi Stock Exchange (Tadawul) has partnered with IHS Markit for the launch of an index tracking the performance of…
Islamic Finance
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QIB introduces suite of Takaful products on mobile App
Qatar Islamic Bank has become the first bank in Qatar to provide Takaful plans for customers on its mobile App,…
Islamic Development Bank sells $2bln five-year sukuk – document
Jeddah-based Islamic Development Bank sold $2 billion in five-year sukuk at 40 basis points over mid-swaps, a document from one…
Bank ABC Islamic announces 16.5% increase in 2019 year-end net profit to US$37.3 million
Bank ABC Islamic has announced its financial results for the year ending 31 December 2019, which recorded net profit of…
Experts to take part in 6th Doha Islamic Finance Conference
Islamic finance experts will assemble in Doha next week to discuss innovation and artificial intelligence, the new sectors of finance…
Abu Dhabi Islamic Bank to cut jobs as it seeks to save $136m
Abu Dhabi Islamic Bank is reportedly considering axing jobs and closing branches as part of a series of cost-cutting measures…
Islamic Development Bank trims price guidance for 5-year sukuk – document
Saudi Arabia-based Islamic Development Bank has revised the price guidance for its five-year dollar sukuk issue to 40-43 basis points…
StanChart betting big on Shariah-based banking
Standard Chartered is bullish about the fortunes of its Islamic banking business, Saadiq, in the country, seeing the religious bent…
Saudi Dar Al-Arkan seeks investors ahead of sukuk offering
Saudi Arabia’s Dar Al-Arkan Real Estate Development Co. has mandated banks to arrange meetings with fixed-income investors from Monday in…
BisB inks partnership deal with Bahrain Polytechnic
Bahrain Islamic Bank said it has signed a MoU with Bahrain Polytechnic in line with its efforts to promote education…
BisB appoints three new board members
Bahrain Islamic Bank (BisB) recently announced the appointment of three new board members, Mr. Jean-Christophe Durand, Mr. Yaser AlSharifi, and…
Boubyan Bank's Sukuk oversubscribed by more than 6 fold, amounting to USD 4.6 Billion approximately
Boubyan Bank has announced its regional and international success in covering the subscription in its first initial unsecured sukuk under…