Emirate of Sharjah Starts Marketing Seven-Year Dollar Sukuk
The emirate of Sharjah, the third-largest constituent of the United Arab Emirates, started marketing seven-year dollar sukuk with initial price guidance of around 180...
Kuwait Finance House Bahrain Honors Outstanding Employees with Fursan Baytik Awards
Kuwait Finance House – Bahrain has honored another batch of employees under the ‘Fursan Baytik’ Employee Recognition programme in recognition of their outstanding achievements...
Mubadala, SoftBank and Microsoft Launch a Tech Hub for Start-Ups
Abu Dhabi has partnered with Microsoft and SoftBank Group to launch the AED 520 million Hub71 initiative, a new platform to support high tech...
Qatar’s Masraf Al Rayan Hires Banks for Debut Dollar Sukuk
Qatari Islamic lender Masraf Al Rayan has hired banks ahead of a potential sale of U.S. dollar-denominated sukuk, or Islamic bonds, sources familiar with...
Islamic Banking Largest Sector, Contributing to 71Pc of Industry’s Assets
The global Islamic finance market is growing moderately because of the strong investments in the Halal Sectors, infrastructure, and Sukuk bonds, especially through electronic...
STC to Establish USD5 Billion Sukuk Program
Saudi Telecom Company (STC) announced its intention to establish an international sukuk program that would include issues of up to five billion American dollars,...