Dubai Islamic Bank Secures Regulatory Clearances for Noor Acquisition
Dubai Islamic Bank (DIB), the UAE’s biggest Islamic Bank on Monday said the bank has secured the regulatory clearance from the Central Bank of...
Flydubai Secures $500 Million Term Financing Facility
Dubai Aviation Corporation, (trading as “Flydubai”) successfully completed a $500 million 5-year Term Financing Facility.
Emirates NBD Capital Limited and Noor Bank PJSC have acted...
Government Announces Omani Rial Sovereign Sukuk Program
The Government of the Sultanate of Oman acting through the Ministry of Finance (the "Government") has mandated Bank Muscat (including its Shariah compliant window,...
Independent Shariah Supervisory Board Vital for Islamic Banks
With the rapid growth of global Islamic finance, which is estimated to grow to $3.8 trillion by 2023 from $2.4 trillion in 2017, there...
Noor Bank Raises Capital for Long Income Fund
Noor Bank, a sharia-compliant institution based in Dubai has raised $176 million for the Rasmala Long Income Fund.
The fund is described by Noor as...
Islamic Finance Assets Reached $2.5tn in 2018
Assets in the Islamic Finance industry topped $2.5 trillion last year according to a recently released report.
The research, published by the Islamic Corporation for...