Islamic Development Bank Set to Raise $1.5 bln in Sukuk
Jeddah-based Islamic Development Bank is set to raise $1.5 billion in five-year sukuk, or Islamic bonds, a document seen by Reuters showed.
The triple-A rated...
Tailwinds for Kuwaiti ETF as S&P DJI Reclassification Takes Effect
The KMEFIC FTSE Kuwait Equity UCITS ETF (KUW8 LN), Europe’s first ETF to provide pure-play exposure to Kuwait, is expected to benefit from S&P...
Islamic Bank the National Bank of Fujairah Joins Ripple
UAE-headquartered National Bank of Fujairah (NBF) is yet another bank that appeared on social media with a report of joining RippleNet, a blockchain-based product...
Blockchain to Reduce Cost, Support Broader Adoption of Sukuks
Blockchain can reduce costs and increase speeds by streamlining processes and eliminating redundancies for the financial services industry, Moody’s Investors Service said on Monday.
These...
Al-Nahedh: KFH Has a Proven Track-Record in Digital Transformation
Group Chief Executive Officer at Kuwait Finance House (KFH) Mazin Saad Al-Nahedh said that the banking and financial industry is undergoing a process of...
Bahrain Starts Marketing Dollar Sukuk and Conventional Bonds
Bahrain started marketing on Tuesday U.S. dollar denominated sukuk, or Islamic bonds, due in 2027 and 12-year conventional bonds, a document issued by one...