Wednesday 26 July 2017
 
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Islamic

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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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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