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islamic finance
Islamic Banks' assets up to AED631.7 bn by end of February
May 25, 2023
ABU DHABI, 24th May, 2023 (WAM) -- The assets of UAE-based Sharia-compliant banks grew to AED631.7 billion by the end of February 2023, a YoY growth......
Continue Reading >Pair of Gulf companies to price Islamic bonds on Tuesday
May 24, 2023
DUBAI - Majid Al Futtaim (MAF) and Banque Saudi Fransi plan to price Islamic bonds, or sukuk, on Tuesday, as investor demand and favourable conditions......
Continue Reading >Islamic Development Bank Group signs financing agreements worth USD5.4bn
May 15, 2023
JEDDAH, 14th May, 2023 (WAM) – The Islamic Development Bank (IsDB) Group concluded on Saturday its annual meetings held under the auspices......
Continue Reading >UAE participates in Annual Meetings of Islamic Development Bank Group
May 15, 2023
(WAM) -- Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, headed the UAE delegation participating in the Annual Meetings of the......
Continue Reading >UAE’s Islamic Treasury Sukuk achieves bids worth AED8.3 billion and an oversubscription of 7.6 times-UAE
May 11, 2023
The UAE, represented by the Ministry of Finance (MoF), the issuer, in collaboration with the Central Bank of the UAE (CBUAE), the issuing and paying......
Continue Reading >Dubai Islamic Bank to acquire 25% stake in Turkey digital bank
May 4, 2023
Dubai Islamic Bank, the UAE’s largest Islamic lender, said on Wednesday its board of directors has approved a proposal to acquire 25% stake......
Continue Reading >FTA outlines procedures for VAT recovery on Mosques' construction and operation
May 3, 2023
SHARJAH, 2nd May, 2023 (WAM) -- The Federal Tax Authority (FTA) held a session in collaboration with the Department of Islamic Affairs in Sharjah,......
Continue Reading >UAE-dirham sukuk will support Islamic finance ecosystem, investment options
April 27, 2023
The UAE launched a dirham-denominated Islamic Treasury Sukuk (T-Sukuk), with a benchmark auction size of AED1.1 billion ($299 million) on Wednesday.......
Continue Reading >Dubai-based Islamic insurer Salama’s chairman replaced by former vice chairman
April 26, 2023
Islamic insurer Salama has elected a new chairman after it said it was optimistic despite being “technically insolvent” during 2022.......
Continue Reading >Dubai Islamic Bank posts 12% rise in Q1 profit, beats estimate
April 20, 2023
Dubai Islamic Bank, the UAE’s largest Islamic lender, posted a 12% jump year-on-year (YoY) in its Q1 2023 net profit to 1.5 billion dirhams......
Continue Reading >Top News
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