Oman Arab Bank Finalises Agreement to Acquire Alizz Bank
Oman Arab Bank (OAB) will acquire the entire issued share capital of the Muscat-based Alizz Bank in a deal that will create a lender...
Kuwait Leads Gulf Lower, Egypt Hit by Coronavirus Spike
Most Gulf stocks closed lower on Sunday, with Kuwait hit hardest after its banking federation said banks would not pay dividends, while Egyptian shares...
Sharjah Islamic Bank Hires Banks for Dollar Sukuk
Sharjah Islamic Bank has hired a group of banks to arrange a global investor call ahead of a potential issuance of five-year U.S. dollar-denominated...
Istanbul to be Islamic finance hub, Sustainable Alternative to Current System
Participation banking and utilization tools of Islamic finance and economics will provide a solid, sustainable and structural alternative to the existing financial system laden...
Impact of the COVID-19 Moratorium Laws on Islamic Finance
The economic shutdown resulting from the COVID-19 pandemic across countries has caused a huge impact on various industries which are cutting down production and...
Al Baraka Bank Signs MoU with UNDP to Achieve SDGs
Al Baraka Bank, operating in the field of Islamic finance in Tunisia and the Maghreb, signed Thursday in Tunis, a memorandum of understanding with...