Friday 18 January 2019
Islamic trade

Sidra opening Islamic trade fund to GCC investors

Saudi Arabia-based investment bank Sidra Capital is changing its Islamic trade finance fund, initially established as closed-ended, to an open-ended format as it sees growing appetite from regional investors in the Gulf, its chief executive said


Islamic trade finance fuels GCC reinsurance demand

The spread of Islamic trade finance is boosting demand for sharia-compliant reinsurance in the Gulf, trade credit insurer Euler Hermes says, predicting the sector could eventually account for over a third of its business in the region.


ITFC’s H1 operations valued at over $1bn

The International Islamic Trade Finance Corporation (ITFC) has carried out 36 trade finance operations with a total value of $1.253 billion in favour of 16 countries in the first half of the year. “These results reflect our continued effor

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