Kuwait Finance Said to Offer Premium in $8 Billion Deal
Kuwait Finance House (KFH) is considering offering a premium of about 35 per cent to buy Bahrain’s Ahli United Bank BSC. The potential share...
IIFM and BAFT Publish Shari’ah-Compliant MPA’s for Islamic Trade Finance Business
IIFM (International Islamic Financial Market) and BAFT (Bankers Association for Finance & Trade), announced today the release of their joint initiative of creating global...
New Iraqi Bank Al Mustashar Goes Live with ICSFS Core System
Al Mustashar Islamic Bank has gone live with ICS Banks Islamic, the core banking system by ICS Financial Systems (ICSFS).
The bank is newly registered...
Study Sees Safe Haven in Islamic Equities in Crises
Investor interest in Islamic finance is growing and the global Islamic banking and finance industry had more than $2tn in assets at the end...
Saudi Sells Over SAR7bn Sukuk in Monthly Issue
Saudi Arabia’s Finance Ministry issued SAR5.37bn ($1.43bn) in domestic sukuk or Islamic bonds, under its monthly issuance programme, the Saudi state news agency said...
UAE’s Biggest Islamic Bank Lists $750m Sukuk on Nasdaq Dubai
Nasdaq Dubai on Tuesday welcomed the listing of a $750 million sukuk by Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE....