Middle East and North Africa

Middle East and North Africa

Nasdaq Dubai to Permit Retail Investment in Sukuk

Individuals will be allowed to invest in Islamic bonds on Nasdaq Dubai by 2019, according to remarks from its chief executive. “The exchange is in...

ITFC to Launch $300m Islamic Trade Finance Fund

Saudi-based International Trade Finance Corporation (ITFC) will team up with US fund manager Federated Investors to launch a sharia-compliant trade finance fund. The fund,...

Emirates Islamic’s QuickRemit Adds Pakistan to Money Transfer Avenues

Emirates Islamic, one of the preeminent Islamic financial organisations across the United Arab Emirates (UAE), recently announced that its international money transfer platform QuickRemit...

CBB Sukuk Al-Salam Securities Fully Subscribed

The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities, has been fully subscribed by 100%. Subscriptions...

Path Solutions Announced as Top Islamic Banking Software Vendor by IBS...

Path Solutions, a provider of Islamic banking software systems has topped IBS Islamic Sales League Table (ISLT) 2018. This marks the sixth consecutive year,...

National Bank of Bahrain in Talks to Increase Its Stake in...

National Bank of Bahrain is in talks to buy Islamic Development Bank’s entire stake in the Sharia-compliant Bahrain Islamic Bank as more Arabian Gulf...