Gulf Payments Company: Facilitating cross-border payments in GCC
In 2016, due to the regional importance of cross-border payments, the Supreme Council of the GCC approved the establishment of the Gulf Payments Company...
Category : Islamic Finance
Warba Investment Management: Leading investors to success with a total portfolio approach
Warba Investment Management’s products comply with four principles: true diversification, superior skill, consistency in performance, and cost efficiency...
Al Ansari upsizes IPO on strong investor demand
Al Ansari Exchange was founded primarily to address the foreign exchange and remittance demands of its business partners and consumers...
Startup impact: Is MENA the next Silicon Valley?
by WebAdmin
In January 2022, Saudi Arabia financial company Foodics acquired food tech startup POSRocket...
Affluent investors in Middle East focus on Islamic & sustainable investments
by WebAdmin
Lombard Odier surveyed some 300 High-Net-Worth Individuals in the Middle East and the majority of the participants were under 40...
Islamic Finance sector sees bright future in cryptocurrencies and metaverse
by Prajwal Wele
According to the research, significant regulatory changes have persuaded professionals to take a closer look at cryptocurrencies and digital assets...
Islamic bonds see growth amid oil price surge
High oil prices are a key driver of this growth of Sukuk....
CapBay nets $7 mn to grow its Shariah-compliant supply chain finance arm
The funding round was led by Kenanga Capital Islamic, a subsidiary of Kenanga Investment Bank...
UAE Islamic banks record 5% increase in assets in 2020: Central Bank
by WebAdmin
The investment represents around 19% of the total banking assets...
Indonesia lists three sukuk valued at $3 bn on NASDAQ Dubai to fund socio-economic development
by WebAdmin
The listing comes with a 10-year issuance of $1.25 bn and two issuances of $750 mm each, bringing Indonesia’s total value of listed sukuk to $19.75 bn...