Middle East and North Africa

Middle East and North Africa

Islamic Banks’ Excess Liquidity Shrivels

Shariah-based banks saw a sharp fall in excess liquidity in the third quarter of last year because of aggressive investment to the point of...

MENA Bonds Group Makes Splash with Four Ucits Fund Launches

Specialist fixed income asset manager AD Global Investors Limited (ADGI) has launched four Ucits funds shortly after receiving its licence to manage funds and...

UAE Banking Stock Gains Give Local Markets a Boost

Banking stocks gained the favour of traders on local bourses ahead of fourth-quarter earnings, with both the Dubai Financial Market (DFM) and Abu Dhabi...

Islamic Finance Volume Seen at $2.5tn This Year, Takaful Stays Miniscule

The global volume of the Islamic finance industry will reach about $2.5tn this year, only a small growth from the $2.44tn it reached in...

Bank Nizwa Unveils New Home Financing Solutions in Oman

Bank Nizwa, the first dedicated Islamic bank in Oman that offers fully shari'a-compliant products and services, has launched its new home construction financing scheme...

KIB Awarded ‘Best Sharia-Compliant Bank in MENA’ by Capital Finance

For the fourth consecutive year and in recognition of its commitment to providing exceptional Islamic banking services, KIB received the ‘Best Sharia-compliant Bank in...