UAE’s Al Hilal Bank sells Islamic Insurance Subsidiary to Siraj Holding
Al Hilal Bank, a wholly owned subsidiary of Abu Dhabi Commercial Bank (ADCB), completed the sale of its Islamic insurance subsidiary, to Siraj Holding.
The...
Dubai Islamic Bank Closes Landmark $1bn Sukuk
Dubai Islamic Bank (DIB), rated A3 by Moody's and A by Fitch (both stable), has closed a $1 billion long 5-year Sukuk with a...
FAB Issues HKD750m Five-Year Green Bond
First Abu Dhabi Bank, FAB, has successfully issued a landmark HKD750 million five-year Green Bond through a private placement.
In a statement by the bank...
Blockchain Technology to Inject Cash into Saudi Arabia Banking Sector
Saudi Arabian Monetary Authority (SAMA) has recently used the blockchain technology to deposit a portion of the previously announced cash to be injected into...
CBB Ties Up with Bahrain Bourse to Launch Sukuk Service
Central Bank of Bahrain (CBB) has joined hands with Bahrain Bourse to develop a Murabaha sukuk, a shari’ah compliant liquidity and borrowing tool, as...
Dubai Islamic Bank Hires Banks to Market Dollar Sukuk
Dubai Islamic Bank (DIB) hired a group of 10 banks to arrange a global investor call on Monday for a potential issuance of five-year...