Monday 24 April 2017
 
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Islamic

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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Fund allocates $243m for OIC anti-poverty projects

Lives and Livelihoods Fund (LLF), the largest multilateral development initiative in the Middle East and North Africa (Mena), has approved $243 million for anti-poverty projects in eight OIC (Organization for Islamic Cooperation) countries.

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Fund allocates $243m for OIC anti-poverty projects

Lives and Livelihoods Fund (LLF), the largest multilateral development initiative in the Middle East and North Africa (Mena), has approved $243 million for anti-poverty projects in eight OIC (Organization for Islamic Cooperation) countries.

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UAE Islamic banking assets soar to $141bn

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

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Warba seals $163m Kuwait financing portfolios deal

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

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Dubai Islamic Bank issues $1bn senior sukuk

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 issuance

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UAE eyes Dubai as Islamic economy hub

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’.

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Standard Chartered launches Islamic saving accounts

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

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ICD to implement new Islamic finance model

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

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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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