Middle East and North Africa

Middle East and North Africa

Bank Nizwa Partners with Takaful Oman

Bank Nizwa has joined forces with Takaful Oman Insurance to offer Sharia-compliant car insurance to its growing customer base across the Sultanate. Customers wishing...

UAE’s Ajman Bank Proposes $1.5 Bln Sukuk Program

Ajman Bank proposed to issue a program of sukuk totaling $1.5 billion. The first tranche of sukuk shall be of minimum $350 million and...

QSE Joins Elite Club of Bourses with ESG Data Digitalisation

The Qatar Stock Exchange (QSE) has launched its online Sustainability and Environment, Social and Governance (ESG) platform. The QSE is among the first stock...

Saudi Banks Agree $4.5bn Settlement Over Islamic Taxes

Major banks in Saudi Arabia reached settlements worth a combined 16.7 billion riyals ($4.5 billion) with the kingdom’s tax authority over a religious levy...

Dubai’s Islamic Economy Targeted to Make Up 10% of GDP by...

The government taskforce set up to develop Dubai’s Islamic economy aims to grow the sector’s contribution to the emirate’s gross domestic product to 10...

Qatar Partners Malaysia, Turkey to Conquer Islamic Finance Market

Qatar is planning an ambitious new initiative with Malaysia and Turkey to serve the $2 trillion global Islamic finance market from hubs in the...