COVID-19: Islamic Asset Classes Remain Resilient but are Not Immune
The COVID-19 pandemic has had a massive impact on economies around the world, but for the countries of the GCC, a collapse in oil...
Middle East Stocks: Major Gulf Bourses Off to Mixed Start
Major Gulf stock markets were mixed in early trade on Tuesday, with financial shares weighing on the Saudi index.
Saudi Arabia's benchmark index .TASI dropped...
Etisalat Digital Teams Up with Smartworld for ‘Shahada‘ Blockchain Platform
Etisalat Digital announced today its partnership with Smartworld to exclusively bring Shahada, a tamper-proof digital certificate platform, to all educational institutions in the region.
This...
Saudi Arabia: Saudi German Signs R305 Islamic Debt Facility
Saudi German Hospitals has signed a R305m (US$81.3m) Shariah-compliant two-part debt facility with Al Rajhi Bank.
R120m of the facility are revolving loans that are...
Consent Solicitation Neutral to Noor’s Sukuk Ratings
Fitch Ratings says the consent solicitation launched by Noor Bank PJSC (A/Stable/WD) on 17 September 2020, requesting the approval by extraordinary resolution at a...
Saudi Electricity’s Green Sukuk Highlights Investor Appetite for Sustainable Finance
On Sept. 10, 2020, Saudi Electricity Company (SEC, A2 negative) finalized the terms of a multi-tranche $1.3 billion green sukuk. SEC reported an order...