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#Islamic Banking

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.

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...

Sombank selects Temenos cloud-native technology to deliver digital Islamic banking services in Somalia

Temenos today announced that Sombank, a privately owned Islamic bank in Somalia, has selected the Temenos Islamic Banking solution in the...

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...

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...

Nasdaq Dubai welcomes listing of USD 300 million Sukuk by Dubai Islamic Bank

Nasdaq Dubai welcomed the listing today of a 300 million US dollar Sukuk issued by Dubai Islamic Bank (DIB), the largest Islamic...

Dubai Islamic Bank successfully closes landmark USD 1 billion Sukuk

Dubai Islamic Bank successfully closed a USD 1 billion long 5-year Sukuk with a profit rate of 2.95% per annum, which is...

ADIB statement following the resignation of CEO, Mazin Manna

The Board of Directors of Abu Dhabi Islamic Bank (ADIB) has accepted the resignation of Mr. Mazin Manna from his position as...

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Paymentology enters the Middle East’s $200 billion digital payments market

Paymentology, a payment technology solutions provider, has entered the Middle East’s US$200 billion digital payments market by setting up its regional office...

Mastercard Priceless Planet Coalition welcomes Expo 2020 Dubai, Emirates NBD, Network International as strategic partners to fight climate change

As the effects of climate change ravage many parts of the world and we experience some of the most extreme weather events...

Abu Dhabi Islamic Bank launches UAE’s first virtual banking sales platform

Abu Dhabi Islamic Bank (ADIB) announced the launch of a pioneering remote sales platform allowing customers to converse with ADIB and apply...

SHUAA Capital appointed Advisor to 500 Startups’ Falcons 1 Fund

SHUAA Capital, an asset management and investment banking platform in the region, has been appointed by 500 Startups, the most active early...

Accelerated digital investment gives Middle East banks a decisive advantage post-COVID

According to research recently conducted by Avaya, 50% of banking customers express a preference towards ‘digital only’ service channels such as online...
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