Middle East and North Africa

Middle East and North Africa

Islamic Finance Well Received in Morocco After Last Year’s Launch

Islamic finance and banking are on a rapid growth pattern in Morocco, only shortly after the country’s central bank, Bank Al-Maghrib, finally and after...

KFH: Turkey Financing Portfolio Is Stable

Kuwait Finance House (KFH) released a statement today stating that its Turkey financing portfolio is stable. KFH's Turkish business operates through more than 400 branches...

AAOIFI Adoption Set to Standardise UAE Islamic Finance

The adoption of Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) Shariah standards by the United Arab Emirates' Islamic finance industry is a...

Dana Gas Issues New Sukuk, Drawing Earlier Dispute to a Close

Dana Gas, the Sharjah energy company previously embroiled in a $700 million (Dh2.57 billion) sukuk dispute, has completed refinancing the Islamic bond instrument, which...

Bahrain Islamic Bank Posts Bd3.5 Million Net Profit for First Half...

Bahrain Islamic Bank’s Chairman of the Board of Directors, Dr. Esam Abdulla Fakhro, confirmed that the Bank has achieved a net profit of BD...

KFH Made Its 1st Successful Blockchain Transaction

Kuwait Finance House (KFH) recently ran its first successful blockchain-based international transaction over a testnet with Al Rajhi, a Saudi bank, using Ripple technology....