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#Islamic Finance

Dubai Islamic Economy Development Centre’s initiatives in 2020 open promising opportunities, boost Dubai’s position as Global Capital of Islamic Economy

Dubai Islamic Economy Development Centre (DIEDC) recently held its fourth and final board meeting for 2020, and approved the Centre’s work plan for 2021...

Aman Board of Directors agrees new three-year growth plan following strong Q3 2020 performance

Dubai Islamic Insurance & Reinsurance Company PJSC (Aman) announces that its Board of Directors agreed a new three-year growth plan at its ordinary meeting...

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...

Islamic Securitization Program launched by KFH-Bahrain

KFH–Bahrain, announced the launch of a first-of-its-kind Shari’a compliant Securitization Program offering financial institutions and state-owned entities an innovative solution to manage both their...

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...

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...

Blue ocean for Islamic finance industry

Islamic finance is going digital. Muslims around the world are looking for alternative Shariah-compliant solutions to manage their daily finances. New fintechs offering Islamic...

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 bank in...

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