KFH 2018 Net Profit Surges 23.5pc to $747m
Kuwait Finance House (KFH), a leading financial institution in the region, has reported a net profit of KD227.4 million ($747.3 million) for the year...
Dubai Islamic Bank Marks Listing of $750m Bond
Dubai Islamic Bank (DIB) on Wednesday marked the listing of a $750 million sukuk — or Islamic bond — on the Nasdaq Dubai exchange....
Turkey Sells €835mn Two-Year Sukuk as New Bet on FX Debt...
Turkey has sold €835mn worth of lease certificates due February 2021, the finance ministry said on February 6. The Turkish finance ministry previewed the...
Islamic Stablecoin Launched in Iran amid US Sanctions
Last week Iran made a breakthrough for Islamic cryptocurrencies by launching its own gold-backed digital coin called “Peyman,” the Persian word for covenant. The...
Turkey to Issue Euro-Denominated Sukuk with Two-Year Maturity
Turkey will issue a euro-denominated sukuk on Wednesday, the treasury said.
The sukuk will have a 6-month periodic rent rate of 1.45 percent and will...
ADIB Shares Hit Close to 3-Year High
Abu Dhabi Islamic Bank (ADIB) shares surged to its highest level in nearly 3 years, the latest bank which saw impressive gains after First...