Middle East and North Africa

Middle East and North Africa

Kuwait Finance House KSCP: The Group Wins 5 Global Prestigious Awards

Kuwait Finance House (KFH) has won World`s Best Islamic Financial Institution 2021 Award from Global Finance magazine in its 14the annual awards for the...

Saudi Arabia based Fintech Prexle Secures $670K via Seed Round, Company...

Saudi Arabia-based Cloud-enabled Point-Of-Sale (POS) startup Prexle has reportedly finalized its seed funding round which is valued at 2.5 million Saudi riyals (appr. $670,000). Company...

ITFC Conducts First Transaction with Bolero, Eyes Digitisation Ramp Up

The International Islamic Trade Finance Corporation (ITFC) has facilitated its first transaction with trade finance digitisation provider Bolero, as it works to grow adoption...

Dubai Islamic Bank Sells World’s Lowest-Priced Additional Tier 1 USD Sukuk

Dubai Islamic Bank, the UAE’s largest Islamic lender, on Wednesday sold $500 million in perpetual non-call 5.5 years additional Tier 1 sukuk with a...

KFH Highlights Services Provided for Customers with Special Needs

Kuwait Finance House (KFH) sheds light on the rights of customers with special needs, while introducing services provided by the banks to them. This...

Saudi Insurers Arabian Shield, Alahli Takaful ink MoU on Potential Merger

Saudi Arabia’s Arabian Shield Cooperative Insurance Co entered a memorandum of understanding (MoU) on Monday with Alahli Takaful Co (ATC) to begin a reciprocal...