The total Islamic banking assets in the UAE have increased to approximately Dh520 billion ($141.58 billion) in the past few years, said Saif Hadef Al Shamsi, assistant governor for monetary policy and financial stability at the UAE Central Ban
Kuwait-based Warba Bank said it has entered into a renewable agreement with Al-Mulla International Financing Company by which the bank will increase the allocated amount of the acquisition of financing portfolios from Al Mulla International Fina
Dubai Islamic Bank has announced the successful pricing of the largest senior sukuk issuance by a financial institution globally. The $1 billion sukuk was issued with a five-year tenor, maturing on February 14, 2022.
The UAE’s Ministry of Finance (MoF) recently signed a MoU with Dubai Islamic Economy Development Centre to boost co-ordination on matters related to the strategic plan for ‘Dubai the Capital of Islamic Economy 2017-2021’.
Standard Chartered Bank, a leading multinational banking and financial services company, has announced the launch of Islamic saving accounts for its corporate and institutional clients in the UAE.
The announcement was made at an e
The Islamic Corporation for the Development of the Private Sector (ICD) has signed an agreement with AlHuda Center of Islamic Banking and Economics (CIBE) to implement its new banking model.
The Islamic Corporation for the Develop
Global Islamic economy growth through innovation was the highlight of the ‘International Innovative Platform for Islamic Economic Products 2016’, hosted by the Dubai Airport Freezone Authority (Dafza) and the International Centre of
Damac Properties, a leading luxury real estate developer in the UAE, said it has obtained Sharia-compliant certification for its shares from Dar Al Sharia Islamic Finance Consultancy for purposes of investment and trading.
Qatar's central bank sold SR4.6 billion ($1.26 billion) of conventional and Islamic government bonds on Tuesday in its first domestic government bond offer this year, a central bank official told Reuters on Wednesday.
Equitable Financial Solutions (EFSOL), Australia's largest, international Islamic finance company, headquartered in Sydney, has announced the establishment of its Dubai office at Emirates Towers, Shaykh Zayed Road.
EFSOL is ac