Saudi Arabia Sells 3.25 Bln Riyals in Domestic Sukuk
Saudi Arabia's government sold 3.25 billion riyals ($866.44 million) of local currency sukuk, or Islamic bonds, the ministry of finance said on Monday.
The sukuk...
KFH Sponsors AAOIFI – World Bank 13th Annual Conference
Kuwait Finance House (KFH) announced its sponsorship of the Accounting and Auditing Organization for Islamic Financial Institutions AAOIFI – World Bank 13th Annual Conference...
UAE Leads Islamic Economy
The UAE ranks top globally across five Islamic economy sectors, according to a report that forecasts Islamic finance assets would surge to $3.8 trillion...
Moving Ever Closer to a Full-Fledged Islamic Economy
The Islamic capital market development strategy, being implemented by the Securities and Commodities Authority (SCA), is set to strengthen Dubai’s position as a global...
Eleven Emirati Banks Post $6.18bln Profit in Nine Months
Eleven Emirati banks posted net profits of AED22.7 billion by the end of September 2018, a growth of 11.3 percent from AED20.4 bn during...
Egyptian Banks Find Their Way Towards Green Banking as Path to...
Banks operating in the Egyptian market have begun to feel their way towards financing environmentally friendly projects, or so-called green banking, to achieve a...