Oman Shipping Co. Negotiates $80mn Financing Facility
Oman Shipping Company (OSC), a member of the ASYAD Group, announced the negotiation of an $80 million Sharia-compliant 'Ijara' facility with Abu Dhabi Islamic...
Emirates NBD Boosts AED 1 Billion Digital Transformation
Emirates NBD, a leading banking group in the region, has completed the third phase of its international core banking system upgrade, as it forges...
GFH Wins Investors’ Approval for $500m Sukuk
Bahrain-based GFH Financial Group said it has won approval from shareholders to issue sukuks (Islamic bonds) worth $500 million in one or more issuances,...
Kuwaiti Bank Deposits Rise 1.2% YoY in October
Total deposits in Kuwait’s local banks grew by 1.2% year-on-year (YoY) to KWD 43.6 billion in October, according to data by the Central Bank...
Qatar Should Prioritise Islamic Banking: QFC Report
Qatar should prioritise Islamic banking, which warrant its own regulatory framework under the central bank purview, and the country could consider adopting Malaysia's value-based...
Sukuks Can Be a Sound Defensive Asset
Looking to 2020, the global sukuk market has become increasingly relevant as uncertainty in the financial markets persists.
With unresolved geopolitical issues, ongoing trade wars,...