UAE Islamic banks record 5% increase in assets in 2020: Central Bank
The investment represents around 19% of the total banking assets...
Tag : Islamic Finance
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...
Oil behemoth Aramco begins Islamic bond sale
by WebAdmin
The sukuk sale, which began on June 7th, is expected to conclude on June 17th...
Saudi Arabia’s Alkhabeer Capital announces its second round of subscriptions for REIT fund
by WebAdmin
The company announced that the subscription period will be extended for 15 more working days...
Global Islamic Finance to grow by 12% in 2021-22: S&P
The growth will be driven by increased sukuk issuance in key markets...
The quest to lead Islamic finance
by WebAdmin
According to the IFDI index, Bahrain ranks third, while the UAE and the Kingdom of Saudi Arabia follow in fourth and fifth positions globally...
Dubai Islamic Bank sells additional $1 bn tier 1 sukuk
The bank received over $5.5 billion in orders for the debt sale...
ZamZam Bank obtains licence to become Ethiopia’s first Islamic bank
Developments in the Islamic finance segment can help the economy to boost its financial inclusion...
How is Bahrain’s Islamic finance shaping up?
It has the highest ‘concentration of Islamic financial institutions in the region’—and the most ‘comprehensive regulatory regimes for shariah-compliant activities in the world’...
Riyad Bank plans early redemption of $1.06 billion sukuk due in 2025
The bank has received regulatory approval for its sukuk redemption...