Middle East and North Africa

Middle East and North Africa

FCI and the ITFC Sign Agreement to Create the Islamic Factoring...

International Islamic Trade Finance Corporation (ITFC) and FCI signed a Memorandum of Understanding (MOU) yesterday, to create a new Islamic Factoring Chapter within the...

Islamic Banking: From Financing to Empowerment

As ancient as the religion itself, Islamic banking has reached at the present time new levels of maturity, facilitated by updated regulations and growing...

IDB Enhances Financing Facility Provided to STO

Islamic Development Bank (IDB) has enhanced the US$ 100 million financing facility extended to State Trading Organization (STO) by their Islamic wing, International Trade...

Central Bank of the UAE Hosts Islamic Finance Workshop

The Central Bank of the UAE (CBUAE), in coordination with Higher Sharia Authority (HSA), hosted a half-day workshop on June 11th, 2019 centred around...

Dubai Developer to Issue $135m in Sukuk

The First Group, a Dubai-based developer and real estate investor, plans to issue $135 million in sukuk, or Islamic bonds, a company spokeswoman said. The...

Dubai Islamic Bank Gets Regulatory Thumbs Up to Buy Noor Bank

Dubai Islamic Bank (DIB) is set to acquire Noor Bank in a deal which will create combined assets of AED 275bn. Its board of...