Middle East and North Africa

Middle East and North Africa

Sharjah Issues Dollar-Denominated Sukuk

Nasdaq Dubai has welcomed the listing of a $200 million Sukuk issued by Sharjah.  This is the second listing by the Emirate on Nasdaq...

“Turkoin” Fiasco: Is There Any Hope For Islamic Coin Left?

The idea of using a digital currency as a means to struggle against economic sanctions is just in the air. Almost all countries, against...

Saudi Jabal Omar Nods to Issuing $533mln Sukuk

Saudi real estate developer Jabal Omar Development on Tuesday revealed plans to issue domestic sukuk at a value of SAR 2 billion ($533 million). This...

IIFM Standardisation Initiatives to Support Islamic Business Activities

THE 39th meeting of the Board of Directors of the International Islamic Financial Market (IIFM) convened in Bahrain recently. It was attended by representatives...

GFH Awarded Best Investment Bank- Middle East

GFH Financial Group (“GFH”) today announced that it has been named “Best Investment Bank- Middle East” and “Best Islamic Bank – Bahrain” at the...

Hammurabi Commercial Bank in Iraq signs for ICS Banks

Hammurabi Commercial Bank, a bank established by the Central Bank of Iraq, has selected ICS Banks Universal Banking Software Suite, by banking tech firm...