Riyad Bank plans early redemption of $1.06 billion sukuk due in 2025
The bank has received regulatory approval for its sukuk redemption...
Tag : Islamic Finance
GFH Financial lists $300 mn Sukuk on Nasdaq Dubai for further expansion
The listing will give GFH a competitive advantage as it forays into the international debt capital markets...
Dubai Islamic Bank to increase foreign ownership limit from 25% to 40%
The bank’s board of directors at Dubai Islamic Bank suggested the FOL changes...
First Abu Dhabi Bank sells sterling-denominated bonds worth $584 mn
FAB’s issuance becomes the Middle East’s largest sterling-denominated bond in ten years...
Al Wateen: A unique digital factory in the Kuwait Islamic banking sector
Kuwait’s Warba Bank is pioneering digital banking innovation in the Gulf countries with an in-house centre to develop exclusive digital products and services...
Dubai Islamic Bank weighs in on Noor Bank acquisition
The board of directors are expected to meet on November 25 to discuss the possible acquisition...
Dar Al Arkan lists $600 mn sukuk on Nasdaq Dubai
The sukuk, which has a coupon rate of 6.75%, was oversubscribed by more than two-fold...
World’s first blockchain sukuk: BMT Bina Ummah raises $50K
BMT Bina used the SmartSukuk platform introduced by Blossom Finance to fund micro-SMEs and entrepreneurs...
DIFC records 45% growth in Islamic assets in Q2 2019
Islamic finance sector is growing at a rate of 1.5 times more than traditional finance...
Islamic financial assets grow over $2 tn globally: IMF
Almost 85% of these assets are from the banking sector...