FlexxPay Raises $3mln to Expand Platform across MidEast
FlexxPay, the fintech company with headquarters in Saudi Arabia and the UAE, has raised $3 million in a pre-series A round of funding, the...
$50m India-focused Fund to Be Launched by UAE Financial Major
Gulf Islamic Investments (GII), the UAE-based Shari’ah-compliant financial services major, is set to announce the launch of its second India-focused fund, with a size...
Saudi’s Halwani Bros Signs Islamic Financing Deals Worth $37.3mln
Halwani Brothers Company has signed Islamic Shariah-complaint financing agreements worth a total of 140 million riyals ($37.3 million) with Al Rajhi Bank.
Under the agreement,...
Egypt Raised $3.7 Bln in Three Segments of US Issued Bonds
The finance ministry finalized an international US dollar-issued bonds offer worth $3.7 billion in a five-year term, 10-year term and 40-year term, with a...
Saudi PIF Invests in NBK Capital Partners’ Shariah Credit Fund
Saudi Arabia's sovereign wealth fund has become an anchor investor in a new $300 million shariah credit fund launched by NBK Capital Partners (NBKCP)...
Emirates Islamic Supports SMEs with New Banking Centres
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has expanded its Business Banking centre network to support small and medium...