Middle East and North Africa

Middle East and North Africa

All Banks Operating in Egyptian Market Invited to Adopt Principles of...

The Sustainable Development Committee of the Federation of Egyptian Banks (FEB) called on all banks operating in the Egyptian market to adopt the Principles...

GCC Sukuk Issuance to Reach $47.6Bn in 2019

Total sukuk issuance from GCC countries is forecast to reach $47.6 billion in 2019 according to ratings agency S&P Global Ratings. The figure is...

Fitch Affirms FAB Sukuk Programme at ‘AA-‘/’F1+’

Fitch Ratings has affirmed FAB Sukuk Company Limited's Sukuk Trust Certificates Programme at 'AA-'/'F1+'. FAB Sukuk is the special purpose Sukuk issuing vehicle of...

QIB Net Profit Jumps 14.5% to QR2.75bn y-o-y in 2018

QIB has posted a net profit of QR2.75bn in 2018, up 14.5% on the year before. In 2017, the leading Islamic bank had earned...

Oil Prices ‘to Shape Sukuk Performance in 2019’

Sukuk market performance in 2019 will likely be dampened by tightening liquidity conditions worldwide, high geopolitical risks in the Middle East, and challenges inherent...

Islamic Development Bank Provides $40 Million Loan for Kazakh Businesses

The Islamic Development Bank (IsDB) has provided a $40 million loan to Kazakhstan’s Damu Entrepreneurship Development Fund, said fund Deputy Chairperson Daulet Abilkairov at...