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Banking & Finance

Dubai Islamic Bank successfully closes the lowest ever yielding AT1 Sukuk

MEA Finance - November 15, 2020 0

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...

Islamic Finance

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

MEA Finance - November 2, 2020 0

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

Islamic Finance

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

MEA Finance - November 1, 2020 0

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...

Banking & Finance

Emirates Islamic closes $500 million Sukuk issuance

MEA Finance - September 21, 2020 0

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...

Islamic Finance

Noor Takaful and Ajman Bank enter strategic partnership

MEA Finance - August 24, 2020 0

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

Technology

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

MEA Finance - August 13, 2020 0

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

Islamic Finance

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

MEA Finance - August 10, 2020 0

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

Islamic Finance

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

MEA Finance - July 14, 2020 0

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...

Islamic Finance

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

MEA Finance - June 30, 2020 0

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

Banking & Finance

Dubai Islamic Bank successfully closes landmark USD 1 billion Sukuk

MEA Finance - June 10, 2020 0

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

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Emirates NBD, ADIB close finance deal for London student housing

CBUAE, Hong Kong Monetary Authority deepen financial market cooperation