DP World Lists $1.5bn Sukuk on Nasdaq Dubai
Dubai-based global port operator DP World has listed a $1.5bn sukuk on Nasdaq Dubai. The logistics company will use the capital raised by the...
Yasaar Appointed Shariah Advisers for Connectif Technology
Yasaar Limited has been appointed as Shariah advisor for Connectif Technology Limited.
Connectif Technologies is a financial technology solutions provider for the Islamic finance industry,...
Qatar Stock Exchange Settles Lower on Profit-Taking by Foreign Institutions
The Qatar Stock Exchange (QSE) Monday weakened by more than 39 points to slide below 9,300 levels, mainly dragged by industrials, transport and banking...
Turkey Moving Forward to Broaden Its Islamic Finance Base
The Covid-19 pandemic has led to a situation in Turkey which prompted economists and financial experts to think about the establishment of an alternative...
Saudi Arabia’s Advanced Petrochemical Secures SR1.5bn Financing
Saudi Arabia’s Advanced Petrochemical has secured a 5.5-year financing worth Saudi riyal (SR) 1.5bn ($400m) amid the coronavirus pandemic.
The cost-plus financing called Murabaha facility...
Government of Sharjah Hires Banks for 30-yr Formosa Bonds
Sharjah, the third-largest emirate of the United Arab Emirates, has hired banks to arrange the issuance of U.S. dollar-denominated 30-year Formosa bonds, a document...