Islamic Development Bank approves USD 746.2 million loan for Uganda’s railway project
Uganda is raising funds for the 2.7-billion-euro project, which has already won backing from lenders including the World Bank and the African Development Bank...
Tag : Sukuk
Uganda to take sukuk route for financing railway project
Export credit agencies are expected to provide 60% of the project financing, while development finance institutions would contribute the remaining 25%...
Islamic finance to witness growth slowdown in 2026, says S&P Global
As per the S&P Global, the Islamic finance industry is undergoing a high degree of unpredictability regarding the duration and scope of the Iran war...
Sukuk issuance rises by 13.1% in GCC, Saudi Arabia leads the show
The Middle East witnessed a significant 13.1% hike in its Sukuk issuance, driven by strong local-currency borrowing in Saudi Arabia...
DFSA pitches enhancements to Dubai’s Islamic finance mechanism
DFSA proposes several updates, including clearer guidance on when authorised firms are required to obtain Islamic finance endorsements...
Despite a productive Q1, Iran war looms large on Islamic banking
The ongoing geopolitical instability has resulted in GCC sukuk issuers from Qatar and the UAE being put on Fitch Ratings' Rating Watch Negative list...
Islamic syndicated financing rises amid Iran war, says Fitch
As per Fitch, Islamic syndications now make up half of all the syndication issuance in the Gulf region...
S&P Global Ratings sees sukuk issuance dip tied to Middle East conflict
As per S&P Global Ratings, total issuance reached USD 62.4 billion in Q1 2026, compared with USD 52.6 billion seen in the similar period in 2025...
Malaysia’s Islamic finance landscape remains resilient: AIBIM
As per AIBIM, Islamic finance players in Malaysia are also advancing value-based intermediation to deliver sustainable and inclusive outcomes...
QCB issues government Ijara Sukuk, maintains Qatar’s banking resilience
The industry's senior executives said that Qatar Central Bank would reduce the reserve requirement on deposits from 4.5% to 3.5%, releasing further liquidity into the system...