Middle East and North Africa

Middle East and North Africa

Saudi Islamic Finance Penetration to Rise to 80% of Loans Over...

Saudi Arabia is expected to see a rise in Islamic finance penetration over the next 12 to 18 months, according to Moody's Investors Service. The...

Saudi Arabia Raises 8.8bn Riyals Through Sukuk Issuance

Saudi Arabia raised 8.834 billion Saudi riyals (Dh8.66bn) through a local currency-denominated Islamic bond issue as it continues to borrow from the domestic market...

Three Accelerators to Boost Islamic Finance Growth: S&P

Three accelerators could return the Islamic Finance industry to the days of double-digit growth according to S&P Global Ratings. At its annual Islamic Finance media...

Gulf Islamic Banks Poised for Mid-Single Digit Asset Growth Over Next...

Islamic banks in the Arabian Gulf will see "mid-single-digit growth" this year and next due to government spending on strategic initiatives and healthy oil...

DIEDC Plans to Boost Green Sukuk Market in UAE

Dubai Islamic Economy Development Centre (DIEDC) has partnered with Dubai International Financial Centre (DIFC), the Dubai Financial Market (DFM) and Climate Bonds Initiative (CBI)...

Boards of Kuwait Finance House and Ahli United Bank Agree Terms...

The boards of Kuwait Finance House and Ahli United Bank agreed on a share swap ratio, a crucial step in the former's bid to...