Middle East and North Africa

Middle East and North Africa

Islamic Banks’ Assets Rise to Dh565b in the First Half of...

Assets of Islamic banks operating in the UAE amounted to Dh565 billion ($154 billion) by the end of H1 2018, a 6.7 per cent...

GFHGroup Settles Sharia Compliant $200M Bond

According to their press release, GFH Financial Group announced that it has paid the entire amount of its US$200 million Sukuk. The Sharia compliant...

1st Sharia Compliant Blockchain Protocol Certified

Stellar.Org, the seventh-largest cryptocurrency network, has become the first digital ledger technology (DLT) protocol to obtain Sharia certification for Blockchain, according to CryptoCoinsNews. The Stellar...

Islamic Bank Inaugurates Solar Power Plant

Jordan Islamic Bank (JIB) has inaugurated a solar power station to generate seventy five percent of the power required for the bank's needs. According to...

Kuwait Finance House Merger Will Further Strengthen the Regional Landscape

The merger of Kuwait Finance House (KFH) with Ahli United Bank (AUB) of Bahrain will no doubt further strengthen the Middle East financial landscape...

Sharjah Islamic Bank Celebrates Listing of $500m Sukuk

Mohammed Abdulla, CEO of Sharjah Islamic Bank, on Wednesday rang the market opening bell to celebrate the listing of a $500 million sukuk on...