Wednesday 7 December 2016
 
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Islamic

Dafza event promotes global Islamic economic growth through innovation

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

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Damac shares get Sharia compliance certification

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. This fo

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Qatar sells $1.26bn in bonds, sukuk

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. The cent

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Australian Islamic Finance firm opens Middle East office

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

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Emirates Islamic launches ‘Bring Happiness’ campaign

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

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Al Salam Bank backs top Islamic banking conference

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

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Turkey, IDB plan regional Islamic 'megabank'

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

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Qatar Islamic Bank's UK unit fined nearly $2m

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

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TCA Abu Dhabi names 'Personality of the Year'

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).  

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Dubai Islamic hires banks for benchmark sukuk

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

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