IRTI Launches Smart Economy Grants to Promote Technology-Based Development Solutions
The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group has announced the launching of the Smart Economy Grants Program,...
Tabreed Shareholders Approve Issuance of Up to $1bn in Bonds or...
The National Central Cooling Company, also known as Tabreed, gained approval from shareholders to raise up to $1 billion through the issuance of bonds...
GCC Banks to See a Wave of Mergers Amid Pandemic-Driven Economic...
Banks in the Gulf region will increase merger and acquisition activity as they look to gain scale to offset the impact of lower oil...
Turkey Launches New Participation Bank Infrastructure
Turkey on Oct. 5 completed a legal infrastructure on participation banks to help them provide services for their customers in accordance with interest-free finance...
Central Bank of Kuwait Approves Formation of Shariah Supervision Body
The Central Bank of Kuwait (CBK) said on Monday that its board approved the establishment, last week, of the Higher Committee of Shariah Supervision.
The...
Dubai’s Shuaa Unveils 3 Shariah Funds, Secures $75mln in Commitments
Dubai-based Shuaa Capital company announced yesterday the launch of three investment funds that comply with the provisions of Islamic Sharia, noting that these funds...