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
UAE-based Islamic financial institution Emirates Islamic today launched the ‘Bring Happiness’ social media campaign, which aims to connect people in need with those who can offer their support.
The initiative was launched to
The World Islamic Banking Conference, the most definitive platform for Islamic banking and finance worldwide, has announced Bahrain-based Al Salam Bank as a partner for the 23rd edition of the conference.
The conference will be he
Turkey will partner with the Islamic Development Bank to create a regional Islamic finance "megabank", Turkish Deputy Prime Minister Mehmet Simsek said on Wednesday, as part of a government drive to become a powerhouse in Islamic finan
The Bank of England said that it had fined QIB (UK), a subsidiary of Qatar Islamic Bank, for failings in reporting its financial resources to the regulator in 2011 and 2012.
The bank's Prudential Regulatory
Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi) is set to name the Arabic-Islamic philosopher Ibn Rushd as the 'Personality of the Year' at this year’s Abu Dhabi International Book Fair (ADIBF).
Dubai Islamic Bank has mandated Bank ABC, DIB, Emirates Islamic Bank, HSBC, NBAD, Sharjah Islamic and Standard Chartered to arrange fixed income investor meetings in London on March 21.
A US dollar Reg S senior
Saudi Arabia construction firm Abdullah Abdul Mohsin Al-Khodari and Sons has announced the renewal of its Islamic credit agreement with National Commercial Bank.
The SR170 million ($45 million) funding will be used to provide bond