UAE’s Majid Al Futtaim Markets Green Dollar Sukuk
Majid Al Futtaim, a UAE-based developer and shopping mall operator, has started marketing 10-year U.S. dollar-denominated "green" Islamic bonds, or sukuk, at about 245...
GCC Islamic Banks Likely to Remain Resilient in 2019-20
S&P Global Ratings said that GCC Islamic banks' financial profiles are projected to remain stable despite the significant changes in the local and external...
Saudi Telecom Issues $1.25bn Debut Sukuk
State-run Saudi Telecom has issued $1.25 billion in international sukuk, or Islamic bonds, the company said on Sunday.
The 10-year bonds — the first US...
KFH Launches Ramadan TV Advertisement Quran Is Life
Kuwait Finance House (KFH) launched its Ramadan advertisement this year entitled “Quran Is Life”, praising the virtues of the holy book “Quran” in the...
Dubai Stocks: Insurers, Dubai Islamic Bank Gain Ahead of Ramadan
Stock markets in the Gulf mostly gained in early trade on Sunday, reflecting increases in global equities and oil prices late last week, but...
Noor Bank Reports AED217 Million Net Profit in Q1 2019
Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has announced a net profit of AED217 million in Q1 2019, an increase...