Middle East and North Africa

Middle East and North Africa

QIIB Concludes Sukuk Issuance, More Than 9 Times Oversubscribed

QIIB, one of Qatar’s leading Shariah-compliant banking and financial services providers has successfully concluded issuing of additional Tier l Perpetual Sukuk of $300m, with...

KFH Participates in the International Financial Cooperation Forum

Kuwait Finance House (KFH) has participated in the International Financial Cooperation Forum 2019 which is holding during the second edition of China International Imports...

Islamic Development Bank to Raise $500m via Debut Green Sukuk

The Islamic Development Bank is planning to launch its first green sukuk this month, having finalised a Sustainable Finance Framework to help issue such...

Dubai Islamic Bank is ‘Strongest Islamic Retail Bank in the World’

For the second year in a row, Dubai Islamic Bank (DIB) was named as the Strongest Islamic Retail Bank in the World 2019, based...

Al Baraka Bank Announces Second Sukuk Issuance to Raise R400m

In another sign that Shariah-compliant investment instruments are becoming more widely adopted around the world, Al Baraka bank announced last week it would look...

Consumer Spending in Islamic Economy Sectors Totals US$2.2 Trillion

Dubai Islamic Economy Development Centre, DIEDC, has announced the results of the State of the Global Islamic Economy Report, SGIE, 2019/20. Launched alongside the bell...