Middle East and North Africa

Middle East and North Africa

Sharjah Islamic Bank Net Profit Rises by 7%

Sharjah Islamic Bank (SIB) recorded a 7% increase in its total net profit, making a total of AED 545.5 million in 2019, in comparison...

Dubai Free Zone Inks Deal to Set Up World’s Largest Crypto...

Dubai Multi Commodities Centre (DMCC) has announced a partnership with CV VC and CV Labs to launch Crypto Valley, the world's largest ecosystem for...

Stronger GCC Appetite Set to Spur Uptick in Sukuk Issuance in...

A stronger appetite for sukuk issuance in some GCC countries is among the key factors that promise to spark an uptick in the market...

Dubai Islamic Bank Completes the Acquisition of Noor Bank

Dubai Islamic Bank (DIB) has secured necessary approvals from the relevant regulatory authorities to complete its acquisition of Noor Bank, in a transaction it...

GFH Financial Group Issues $300 Million Sukuk

Bahrain’s GFH Financial has issued $300 million five-year Sukuk which was oversubscribed 2.5 times, exceeding $750 million. In a statement, the investment group said that...

AAOIFI Partners with Turkish Islamic Banks to Promote Islamic Finance

The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has signed an MOU with the Participation Banks Association of Turkey (TKBB) to collaborate...