Middle East and North Africa

Middle East and North Africa

Gulf Islamic Digital Banking Start-Up Raises US$20 Million to Aid Expansion,...

REZQ-Baraka, one of several Shariah challenger banks which debuted in the UAE earlier in April, has secured US$20 million in investment which it will...

Arabian Centres Looks to Top Up Islamic Bonds Deal

Saudi mall operator Arabian Centres intends to issue U.S. dollar-denominated sukuk, it said on Tuesday, in a reopening of a transaction that raised $650...

Rain Eyes Licenses in MENA and Key Muslim Markets

Rain, the Shariah compliant cryptocurrency exchange licensed in Bahrain, is looking to expand into different MENA markets as well as other key Muslim jurisdictions. The...

Bahrain: BKIC Launches ESG Framework

Bahrain Kuwait Insurance Company (BKIC), which is part of Kuwait's Gulf Insurance Group (gig), has launched an initiative to embed 32 metrics and indicators...

Abu Dhabi Islamic Bank-Egypt to Establish New Company for Sukuk

Abu Dhabi Islamic Bank-Egypt's (ADIB) board of directors ratified the establishment of Abu Dhabi Islamic Sukuk Company with an authorized capital of EGP 100...

KFH Keeps Investing Strongly in Digitization

Characterizing it as a top priority in a competitive landscape of institutions, Haytham Alterkait, Group Chief Information Officer at Kuwait Finance House (KFH), stressed...