Islamic Finance

ADIB provides AED 91 million financing for UAE-based client to acquire UK Business Park

Abu Dhabi Islamic Bank (ADIB) has provided AED 91 million (£18.9 million) in Sharia’a-compliant structured financing for a private UAE-based client. The financing will...

Dubai Islamic Bank successfully closes the lowest ever yielding AT1 Sukuk

Dubai Islamic Bank successfully priced a USD 1 billion Perpetual Non-Call 5.5yrs Additional Tier 1 Sukuk with a profit rate of 4.625% per annum. This...

ADIB launches UAE’s first Emirati chatbot: ADIB Chat Banking

Abu Dhabi Islamic Bank (ADIB) announced that it has launched ADIB Chat Banking, the UAE’s first Emirati customer care chatbot. The service is equipped...

Nasdaq Dubai welcomes listing of USD 600 million Sukuk by Islamic Corporation for the Development of the Private Sector

Nasdaq Dubai has welcomed the listing of a UDS 600 million Sukuk by the Islamic Corporation for the Development of the Private Sector (ICD),...

UAE national wins AED 1 million cash prize with Emirates Islamic’s Kunooz savings account

Emirates Islamic announced the lucky winners of its Kunooz Savings Account draw for September 2020. UAE national, Amal Dasmal won the AED 1 million cash...

Emirates Islamic partners with Mastercard to enhance Corporate Banking proposition with corporate credit card offering

Emirates Islamic has entered into a long term strategic partnership with Mastercard to offer credit cards to the Bank’s corporate banking clients, helping them...

SHUAA launches three Sharia-compliant funds in ADGM and secures USD 75 million of commitments

SHUAA Capital has launched three Sharia compliant funds and already secured USD 75 million of commitments. The SHUAA High Yield Sukuk Fund, Nujoom Aggressive Fund...

ENBD REIT appoints Savills and Bluehaus Group to upgrade largest asset

ENBD REIT the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management, has announced a major refurbishment programme for its largest...

Emirates Islamic closes $500 million Sukuk issuance

Emirates Islamic successfully closed the issuance of a US$ 500 million 5-year Sukuk from its US$ 2.5 billion Certificate Issuance Programme. The landmark issuance rated...

SUSTAIN.EXCHANGE to build technological solutions and infrastructure

SUSTAIN.EXCHANGE, the first Islamic compliant crypto ecosystem announced that it is building technology solutions and infrastructure on Tezos, a leading decentralized public blockchain. In the...

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