Featured Islamic BankingAhli United Bank Bahrain hire HSBC, JP Morgan for Sukuk saleWebAdminAugust 31, 2021 by WebAdminAugust 31, 2021 The bank is planning to sale US dollar-denominated five-year senior Sukuk... Read more
Featured Islamic BankingDubai Islamic Bank sells additional $1 bn tier 1 sukukPritam BordoloiNovember 13, 2020 by Pritam BordoloiNovember 13, 2020 The bank received over $5.5 billion in orders for the debt sale... Read more
TechnologyAbu Dhabi Islamic Bank launches third-gen eDirham cardsPritam BordoloiSeptember 15, 2020 by Pritam BordoloiSeptember 15, 2020 The cards are being launched in partnership with the Ministry of Finance... Read more
Featured Islamic BankingADIB: First Islamic bank to complete digital trade finance transactionInternational Finance Business DeskApril 17, 2020 by International Finance Business DeskApril 17, 2020 Abu Dhabi Islamic Bank completed the transaction with the help of TradeAssets, a blockchain-based trade finance emarket... Read more
Banking FeaturedDIB becomes world’s largest Islamic bank with Noor Bank acquisitionInternational FinanceJanuary 23, 2020March 18, 2020 by International FinanceJanuary 23, 2020March 18, 2020 DIB will have total assets worth Dh275 billion, making it the fourth largest bank in the UAE... Read more
BankingNBB to acquire 100% of Bahrain Islamic Bank’s paid up sharesPritam BordoloiNovember 27, 2019 by Pritam BordoloiNovember 27, 2019 On offer: Cash or a share-swap with an exchange ratio of 0.167 NBB shares per Bahrain Islamic shares... Read more
Islamic BankingDubai Islamic Bank, Noor Bank agree to share-swap dealPritam BordoloiNovember 26, 2019January 24, 2020 by Pritam BordoloiNovember 26, 2019January 24, 2020 One share in Dubai Islamic Bank will be swapped for 5.49 shares in Noor Bank... Read more
Islamic BankingDubai Islamic Bank weighs in on Noor Bank acquisitionPritam BordoloiNovember 21, 2019January 24, 2020 by Pritam BordoloiNovember 21, 2019January 24, 2020 The board of directors are expected to meet on November 25 to discuss the possible acquisition... Read more
Islamic BankingPhilippines signs law to establish Islamic banking in the countryInternational Finance DeskSeptember 4, 2019December 23, 2019 by International Finance DeskSeptember 4, 2019December 23, 2019 Islamic Banks will boost financial inclusion, especially among the country’s Muslim population... Read more
Economy Magazine November - December 2018Sukuk spread its wings to AfricaInternational FinanceNovember 15, 2018December 12, 2019 by International FinanceNovember 15, 2018December 12, 2019 Despite sukuk’s ongoing instability in GCC countries this year, there is a resurgence of interest across 18 African markets. What does this mean to the largely underbanked Muslim population in these markets?... Read more