islamic finance
Jeddah-based Islamic Development Bank hires banks for 5-year dollar sukuk
April 19, 2022
The Jeddah-based Islamic Development Bank has hired a group of banks to arrange the sale of five-year US dollar-denominated sukuk, or Islamic bonds,......
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AD Ports Group and Aqaba Development CorporationSign Multiple Agreements for Development of Tourism, Transport, Logistics and Digital Infrastructure
December 19, 2021
AD Ports Group, a leading facilitator of trade and logistics, has strengthened its regional footprint by signing a number of four strategic agreements......
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QIIB gets ‘Excellence Award’ from UK’s GIFA
September 19, 2021
The UK-based Global Islamic Finance Awards (GIFA) committee has bestowed ‘Excellence Award’ on Qatar International Islamic Bank (QIIB)......
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SIB agrees to 8% of cash dividends for shareholders
February 22, 2021
Sharjah Islamic Bank (SIB) agreed to distribute 8 per cent in cash dividends to shareholders, after the bank achieved net profits of Dhs405.8 million......
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Indonesia launches its biggest Islamic bank after year-long merger talks
February 2, 2021
JAKARTA: Indonesia’s biggest Shariah-compliant bank, formed out of the merger of three Islamic lenders, began its operations on Monday with......
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Sukuk issuance seen recovering from COVID stress
October 25, 2020
Dubai: Global sukuk issuance volumes are expected to recover and reach last year’s levels in 2020 despite the unprecedented stress from the......
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Dar Al Takaful appoints CEO after acquisition of Noor Takaful
August 10, 2020
Dar Al Takaful has announced the completion of acquisition of UAE-based Islamic insurance provider, Noor Takaful, with Rajesh Sethi appointed as......
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