islamic finance
Indonesia lists $3.25b Sukuk on Nasdaq Dubai
June 7, 2022
Nasdaq Dubai on Monday welcomed the listing of two Sukuk tranches issued by the Government of Indonesia, with a total value of $3.25 billion. The......
Continue Reading >
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,......
Continue Reading >
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......
Continue Reading >
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)......
Continue Reading >
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......
Continue Reading >
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......
Continue Reading >
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......
Continue Reading >
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......
Continue Reading >