Islamic Finance

Highest ratings in Principles for Responsible Investment (PRI) Assessment Report 2020 awarded to SEDCO Capital

SEDCO Capital, a global Shariah-compliant asset manager, announced that it has received the highest possible rating by the United Nations-supported Principles for Responsible Investment...

Boursa Kuwait announces the listing of “KFH Capital REIT”

Boursa Kuwait announced the listing of "KFH Capital REIT" starting Tuesday, September 1, 2020, which is the first local real estate investment trust (REIT)...

Noor Takaful and Ajman Bank enter strategic partnership

Noor Takaful (a Dar Al Takaful company), has entered a strategic partnership with Ajman Bank. The partnership will see the addition of an array...

SALAMA announces AED11.5 million surplus distribution to Takaful policyholders for 2019

Islamic Arab Insurance Company (“SALAMA”), a Shari'a compliant Takaful solutions provider announced a payment of surplus (cash returns) of AED11.5 million to eligible group...

Mashreq Al Islami Income Fund (Sukuk Fund) surpasses US$150 million Assets Under Management

Mashreq Capital announced that its Mashreq Al Islami Income Fund has surpassed $150 million in assets under management, and is now one of the...

Dar Al Takaful appoints Rajesh Sethi as CEO after acquisition of Noor Takaful

Dar Al Takaful announced the completion of acquisition of UAE-based Islamic insurance provider, Noor Takaful, with Rajesh Sethi appointed as the Chief Executive Officer...

Emirates Islamic announces winners of Kunooz Savings Account draw

Emirates Islamic has announced the lucky winners of its monthly Kunooz Savings Account draw for June 2020. Indian national, Muhammad Chelayil, won the AED 1...

IslamicMarkets.com and DDCAP strengthen collaboration with second round of strategic investment

IslamicMarkets Limited (“IslamicMarkets.com”) a learning and market intelligence provider for the Islamic financial and commercial markets, has secured a second round of strategic investment...

Alizz Islamic Bank launches service to open accounts at home or work

Reinforcing its position as one of Oman's most dynamic and innovative banking institutions and with a strong belief in enhancing the customer experience of its customer...

Emirates Islamic introduces Digital Business Banking package with low minimum balance requirement

Emirates Islamic launched a Digital Business Banking package that empowers entrepreneurs, Small and Medium Enterprises (SMEs) and new start-ups in the UAE, to open...

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