Saudi Arabia Completes IBM TradeLens Pilot for Cross-Border Blockchain Trade
Customs authorities in Saudi Arabia have concluded a pilot scheme linking its cross-border trade platform FASAH with IBM and Maersk’s TradeLens blockchain platform. A...
Saudi Industrial Group Tasnee Gets $532 Million Credit Facility for Sukuk
Saudi industrial group Tasnee has secured a SR2 billion ($532.4 million) credit facility from Banque Saudi Fransi to refinance an existing sukuk.
The Kingdom’s second-largest...
Bidaya Home Finance Successfully Completes Its Series 2 Sukuk Issuance
Bidaya Home Finance has successfully completed its Series 2 Sukuk issuance under the recently established SAR 500 million Sukuk programme. The total amount raised...
Doha Bank Retains Its Top Spot in ESG Rankings of Listed...
Doha Bank has retained the “top rating” for the second year in a row in the annual Environmental, Social and Governance (ESG) review of...
Blockchain is Making Its Way Into Islamic Finance
Blockchain technology, an unalterable digital information recording system, is increasingly being discovered as a useful tool by Islamic finance institutions and banks for complex...
Gulf’s REITs bring IPO receipts, but investor returns not so neat
The Gulf’s REITs sector has tremendous potential but must overcome ambiguous regulations, a shortage of suitable property and downbeat investor sentiment in order to...