Middle East and North Africa

Middle East and North Africa

Global Finance Names KFH the Safest Islamic Bank in GCC 2018

Global Finance Magazine has named Kuwait Finance House (KFH) the safest Islamic bank in the GCC for the year 2018. This reiterates the robust...

Islamic Finance Assets on Track to Hit $3.2trn

Islamic finance assets are projected to grow to $3.2 trillion by 2020, with Islamic banking reaching $2.6 trillion, said the organisers of the upcoming...

Morocco’s Finance Hub Issues 335 mln Dirhams Green Bond

Morocco’s finance and business hub Casablanca Finance City (CFC) said on Monday it had raised 335 million dirhams ($ 35.8 mln) via a green...

Egypt Likely to Issue $1bln Sukuk – Moody’s

Moody's Investors Service (Moody's) said that Egypt is likely to issue sukuk worth $1 billion within the next 18 months. The North African nation is...

Saudi Electricity Sets Price Guidance for Sukuk

State-controlled Saudi Electricity Co has set the final price guidance for a planned sale of dual-tenor US dollar-denominated sukuk, or Islamic bonds, according to...

Islamic Development Bank Issues $1.3 Billion Sukuk

The Jeddah-based Islamic Development Bank (IsDB) has raised $1.3 billion in senior, unsecured sukuk, according to a bank document seen by Reuters. IsDB, a triple-A...