Kuwait International Bank Hires Banks for Dollar Sukuk
Kuwait International Bank KIBK.KW has hired banks to arrange investor calls starting on Wednesday for the planned issuance of Tier 2 U.S. dollar-denominated 10-year...
Bahrain Central Bank Sukuk al-Salam Securities Oversubscribed by 277%
The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities, has been oversubscribed by 277%.
Subscriptions worth BD...
Saudi Fintech to Roll Out Islamic Real Estate Investment Platform, Eyes...
Just a month after it has secured a Fatwa certifying its public blockchain is Shariah compliant, Tezos Gulf will be facilitating a Riyadh-headquartered fintech...
Saudi Aramco Plans Debt Market Comeback with Multi-Tranche Bond Deal
Saudi Aramco said on Monday it had hired banks for a multi-tranche US dollar-denominated bond issuance, as the world’s largest oil company seeks cash...
Islamic Spending Could Spike to $2.4trln
Spending across Islamic economy sectors, excluding family-friendly travel, is forecast to rebound by the end of 2021, and is slated to reach $2.4 trillion...
UAE Ranked Among Top Three Islamic Economies in World
The UAE has been ranked among the op three Islamic Economy countries in the world, according to the 2020-2021 State of the Global Islamic...