Islamic Development Bank Sells $2.5 Bln in Sustainability Sukuk
Jeddah-based Islamic Development Bank (IsDB) on Wednesday raised $2.5 billion via a five-year sustainability sukuk, or Islamic bond, at 33 basis points (bps) over...
How Banks Can Capitalise on the $1 Trillion Hybrid Cloud Market
Enterprises in the Middle East are increasing hybrid cloud usage, transferring part of their traditional data centre workloads to the cloud. As workloads shift...
Qatar’s Islamic Fintech Market to Reach $2bn by 2025
The prospects for Islamic Fintech sector in Qatar are bright and the sector is set to witness robust growth in coming years.
The Islamic Fintech...
Sharia-Compliant Fintech Services are Increasingly being Adopted in MENA Region and...
Islamic or Sharia-compliant Fintech services are being increasingly adopted in Saudi Arabia, the United Arab Emirates (UAE) and internationally as well, according to a...
Turkey’s Steps Spur Profit Jumps in 2020 for Interest-Free Banks
Even during rapid development for the interest-free banking sector both in Turkey and worldwide, last year was especially notable, with the net profits of...
KFH and Aion Digital Sign a Digital Transformation Agreement
Moving forward in its digital transformation strategy, Kuwait Finance House (KFH), the world leading Islamic financial institution, has signed an agreement with Aion Digital,...