Middle East and North Africa

Middle East and North Africa

Egypt’s TMG to Launch $126Mln Sukuk Next Week

The Talaat Moustafa Group (TMG) aims to launch its first sukuk programme, worth EGP 2bn, on the Egyptian market by the end of next...

Al Salam Bank reveals latest Danat Savings Scheme

Al Salam Bank-Bahrain, the pioneering Shari'a-compliant Bank in the Kingdom, announced its new lineup of prizes for the 2020 edition of its popular Danat...

UAE’s Gulf Navigation to Issue $34mln Islamic Sukuk

Shareholders of UAE’s Gulf Navigation Holding have approved the issuance of Islamic sukuk, with a total value of 125 million UAE dirhams ($34.03 million). The...

QIB Launches mPay Digital Wallet on Its Award-Winning Mobile App

Qatar Islamic Bank (QIB) is one of the first banks in Qatar to go live with the mPay digital wallet initiative on its mobile...

Sukuk Issuance to Remain Stable at $180b in 2020 Despite Covid...

Islamic finance is set to keep expanding in 2020 and beyond as the GCC countries and Malaysia help drive growth in Shariah-compliant financial products. Sukuk...

Blockchain Tech Leads the Charge in UAE’s Coronavirus Fight

A number of international blockchain-based solutions have taken up the challenge of preventing further outbreaks in the midst of the COVID-19 pandemic. The United...