Islamic
Dubai issues $2billion Sukuk, bonds with lowest rate in history
Abu Dhabi The Government of Dubai, represented by the Department of Finance, announced the successful…
KHCB signs Sukuk Murabaha agreement with BHB
Manama Khaleeji Commercial Bank, Islamic Bank, Kingdom of Bahrain, KHCB Khaleeji Commercial Bank (KHCB), an…
SBP adopts ‘AAOIFI’ Shariah Standard No 49
Karachi In order to standardize and harmonize Shariah practices in Islamic Banking Institutions of Pakistan,…
Egypt signs 1st conventional, Islamic financing to state budget worth $2b
Cairo Ministry of Finance signed the first conventional and Islamic financing facility, with a value…
Global Islamic finance market to show lower single digit growth
Sheikh Selim With an aggregate worth of $2.4 trillion and following a recent decade-average growth…
Algeria turns to Islamic finance to prop up economy
Algiers Algeria has launched Islamic finance products in a bid to attract money from the…
Strong sovereign support continues to drive most Islamic bank ratings
London The Issuer Default Ratings of Islamic banks in the Gulf Cooperation Council region are…
BoB, Kuwait in talks to acquire retail Islamic bank Ithmaar
Manama The Bahrain-based BBK said in a statement on Wednesday the acquisition will also include…
Moody’s announces completion of ratings of CIMB Islamic Bank Berhad
Singapore Moody’s Investors Service has completed a periodic review of the ratings of CIMB Islamic…
Faisal Islamic Bank reports 12.1p asset growth to $6.82b in July
Cairo The Faisal Islamic Bank of Egypt has recorded a 12.1% increase in its total…
