Turkey Sets Eyes on Becoming Islamic Finance Centre
Turkey is aiming to become a centre for Islamic finance as it seeks to increase its influence in the Middle East and the Muslim...
Bahrain Fintech Bay (BFB) Launches Islamic Finance Centre With Partners
Bahrain FinTech Bay (BFB) has launched the Global Islamic & Sustainable FinTech Center (GISFC) with local, regional and international members. The aim is to...
KFH Net Profits Rise In 3rd Quarter
Kuwait Finance House (KFH), the country’s biggest Sharia-compliant lender, said on Wednesday its third quarter net profit rose 31.4 per cent to 73.9 million...
Oman Sells $1.5 Billion Sukuk as Khashoggi Crisis Raises Funding Costs
Oman sold $1.5 billion in sukuk, or Islamic bonds, on Wednesday but the generous investor returns it had to offer showed that the crisis...
Islamic Bonds Look to Tap Social Finance, Blockchain Tools
Plans to design Islamic bonds, or sukuk, linked to socially-conscious finance could help mobilise large pools of assets across the Muslim world and increase...
Islamic Finance Organizations Team Up to Streamline Rule-Making
The top two organizations that set the rules for Islamic finance signed an agreement on Tuesday to work together to develop and revise some...