GCC Corporate Bond, Sukuk Issuance Up 86Pc
The amount of debt issued by non-financial corporate entities in the Gulf Cooperation Council (GCC) virtually doubled last year as governments either sold stakes...
Turkey’s Emlak Bank Opens New HQ as It Returns as Islamic...
Emlak Bank, a state-run lender caught in the middle of a financial crisis in the late 1990’s, re-opened on Thursday as an Islamic bank.
The...
Dana Gas Repurchases $133m Sukuk
Dana Gas, the Middle East’s largest regional natural gas company, announced on Sunday that it has bought back a total of $133 million Sukuk...
QIB Successfully Completes Issuance of $750Mn Sukuk
Qatar Islamic Bank (QIB) has successfully priced a $750mn five-year sukuk at par with a profit rate of 3.982%, which is equivalent to a...
Alinma Bank Recognized for Excellence in Islamic Banking
Alinma was recognized with the Finnovex award for “Excellence in Islamic Banking” at a ceremony in Dubai as part of the broader Finnovex conference,...
Lottery-Linked Savings Accounts New Trend in Islamic Banking
Savings accounts offered by Islamic banks linked to a lottery or a raffle on top of profit-sharing payments are becoming increasingly popular in the...