Middle East and North Africa

Middle East and North Africa

Zakat Fund Issues Rates of Zakat on Shares for 2020

The Department of Zakat Fund at the Ministry of Endowments (Awqaf) and Islamic Affairs issued a statement of the rates of zakat on shares...

KFH Sponsors the BIBF’s New Auditorium In Bahrain Bay

Bahrain Institute of Banking and Finance (BIBF) and Kuwait Finance House, one of the leading Islamic banks in the Kingdom and an integral contributor...

Aafaq Islamic Finance Introduces Recreational Vehicle Financing Program

Aafaq Islamic Finance, a leading institution in the financial sector offering Sharia-compliant financial products and services across the UAE and the region, will be...

Mena Syndicated Loans Top $25bn in Q1: Bloomberg

Syndicated loans in the Mena region picked-up significantly after the start of the pandemic, with issuance volume increasing by almost 150% from $8.7 billion...

Saudi’s Islamic Development Bank Lists $2.5bn Sustainability Sukuk on Nasdaq Dubai

Saudi Arabia’s Islamic Development Bank (IsDB) has listed a $2.5bn sustainability sukuk on Nasdaq Dubai. It is the second AAA-rated sukuk issuance under the...

How Saudi Aramco Leverages Blockchain to Boost Business

Aramco has the ambition to become the world’s leading digitalized energy company, as it wants to leverage innovative technologies to improve efficiency, safety and...