Abu Dhabi’s Al Hilal Bank issues $100 million private sukuk
Abu Dhabi government-owned Al Hilal Bank has raised $100 million through a private placement of sukuk, or Islamic bonds, sources…
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India's Federal Bank To Open At DIFC
Federal Bank, a leading private sector bank from India, will soon open at the Dubai International Financial Centre this year…
Bank Nizwa launches Sharia-compliant wealth management service
Bank Nizwa has launched its new wealth management services to provide high net worth clients with the most effective Islamic…
Mohammed Bin Rashid Fund and Metis Management Consultancy up for Post-Fund Monitoring of SMEs
Mohammed Bin Rashid Fund (MBRF), the financial arm of Dubai SME, the agency of Dubai Economy mandated to develop the…
Launch Of RAK Economic Zone
In 2017, the government of Ras Al Khaimah announced the launch of Ras Al Khaimah Economic Zone (RAKEZ). This…
Doha Bank to open branch in Singapore
Doha Bank, one of the leading lenders in Qatar, has announced its decision to launch a full-fledged banking operation in…
Eskan Bank REIT commences trading to expatriates and foreign investors
The Eskan Bank Realty Income Trust announced today that following approval by the Central Bank of Bahrain, expatriates and foreign…
Islamic Development Bank seeks proposals for dollar sukuk – sources
Saudi Arabia’s Islamic Development Bank (IDB) has asked banks for proposals to arrange a U.S. dollar-denominated sukuk, banking sources said…
Controversy intensifies over new Banking Law
The controversy has clearly intensified over the new Banking Law put forward by the Central Bank of Egypt and is…
BankDhofar launches Mobile Wallet with high-level security features
As part of its endeavour to support the Central Bank of Oman’s (CBO) initiatives to add to the convenience of…
Kuwait Finance House and Mastercard launch innovative Mobile Wallet Payment Service
Kuwait Finance House, the world’s leading Islamic financial institution and Mastercard, a leading technology company in the global payments industry,…
Bahrain's Al Baraka Banking Group and the Libyan Foreign Bank sign a memorandum of understanding to enhance their banking relations in all fields
Al Baraka Banking Group, B.S.C has signed a Memorandum of Understanding with the Libyan Foreign Bank, the leading Arab bank…