How do Islamic bonds work without interest? By generating profit
Goldman Sachs announced last week that it is planning to issue its first Islamic bond, and has already set the…
New Investment Products & Services
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Guggenheim Partners sets up Mideast advisory, asset management JV
U.S. financial services firm Guggenheim Partners has agreed to set up a joint venture with a private Abu Dhabi investment…
HSBC launches second tranche of AED 1 billion SME growth fund
HSBC has today launched a further AED 1 billion as the second tranche of its fourth International Growth Fund for…
Bahrain Set To Raise $1.25bn From 30-Year Bond Sale
Bahrain set the size of its 30-year bond issue at $1.25 billion on Wednesday, while tightening the pricing to the…
Royal Group to invest $5 billion in Serbia bank
Abu Dhabi-based Royal Group is set to invest $5 billion in establishing a bank in Serbia, AMEinfo has investigated.…
igot launches 1st bitcoin exchange platform in UAE
New Zealand’s fastest-growing digital currency platform, igot.com, has launched the first bitcoin exchange online platform in the United Arab Emirates,…
AlKhair Capital plus Sukuk Fund launched
The fund is aimed at generating regular income as well as achieving capital appreciation by investing in globally-diversified fixed income…
Islamic Development Bank picks nine banks for potential US dollar sukuk offer
The Jeddah-based Islamic Development Bank has picked nine banks for a potential US dollar-denominated Islamic bond issue, a document…
Barwa Bank opens new branch at Pearl-Qatar
Barwa Bank Qatar's fastest growing Shariah-compliant banking service provider has announced the opening of its new branch at the Pearl-Qatar…
CII sets up first Middle East office in Bahrain
Bahrain is set to host the first office of the Confederation of Indian Industry in the Middle East. The…
Al Rajhi Capital Launches First Sukuk Fund
Al Rajhi Capital, one of the leading asset managers in the Kingdom of Saudi Arabia, has started the offering period…
Oman expected to issue $1.3bn bonds, sukuk in early 2015
Oman is expected to issue OR500 million ($1.3 billion) worth of conventional and Islamic sovereign debt early next year, and…