Saturday 18 November 2017
 
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Islamic

Ibdar Bank buys prime US office building

Bahrain-based Islamic investment bank Ibdar, in collaboration with leading US property manager Lincoln Property Company and asset manager Ritz Banc Group, has acquired a prime office building in Boston, US, currently the headquarters of Amazon R

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Emirates Islamic launches new mobile banking app

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced its new mobile banking app. The launch is one of the initiatives under Emirates Islamic’s digitalisation drive to address the gr

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AIG unveils first Islamic M&A insurance policy in Mena

American International Group, advised by global law firm Norton Rose Fulbright, has placed the first Shariah-compliant insurance policy in the Middle East and North Africa region (Mena) for merger and acquisitions activity. AIG of

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AIG unveils first Islamic M&A insurance policy in Mena

American International Group, advised by global law firm Norton Rose Fulbright, has placed the first Shariah-compliant insurance policy in the Middle East and North Africa region (Mena) for merger and acquisitions activity. AIG of

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Meethaq to provide Islamic finance to OMPC

Oman-based Meethaq, the Islamic banking unit of Bank Muscat, recently signed an agreement to provide Islamic finance to the Oman Munition Production Company (OMPC) set up by the Ministry of Defence, said a report. Mohammed bin Nas

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Gulf Energy Maritime inks $74m Islamic finance deal

Dubai-based Gulf Energy Maritime (GEM), a leading independent commercial product and chemical tanker operator, has signed a Dh275 million ($74.8 million) Islamic finance deal with Dubai Islamic Bank (DIB). A major player in the re

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Gulf Energy Maritime inks $74m Islamic finance deal

Dubai-based Gulf Energy Maritime (GEM), a leading independent commercial product and chemical tanker operator, has signed a Dh275 million ($74.8 million) Islamic finance deal with Dubai Islamic Bank (DIB). A major player in the re

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Gulf Energy Maritime inks $74m Islamic finance deal

Dubai-based Gulf Energy Maritime (GEM), a leading independent commercial product and chemical tanker operator, has signed a Dh275 million ($74.8 million) Islamic finance deal with Dubai Islamic Bank (DIB). A major player in the re

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FTZ contributions to Islamic economy to reach $117bn

The contribution of free trade zones to the Islamic economy globally is set to double to $117 billion by 2021, according to a recent report by researchers Salaam Gateway. The UAE’s free trade zones are using advanced informa

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IFSB Council adopts guiding principles on disclosures

The Council of the Islamic Financial Services Board (IFSB) has approved the guiding principles on disclosure requirements for Islamic Capital Market Products (sukūk and Islamic collective investment schemes)  at its 30th meeting in Kuala Lu

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