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islamic finance

Mashreq launches new brand identity to reflect digital transition

September 22, 2022

Dubai-listed lender Mashreq launched its new brand identity on Wednesday as part of efforts to realign its offerings as a digital-first financial......

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Higher Shari’ah Authority at CBUAE urges Islamic Financial Institutions to appoint UAE nationals as trainee members

August 25, 2022

ABU DHABI, 24th August, 2022 (WAM) -- In line with the leadership’s vision and the CBUAE’s commitment to implement the Emiratisation......

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Dubai-based Takaful Emarat posts $1.6mln Q2 loss

August 16, 2022

UAE-based Islamic insurer Takaful Emarat has reported a loss of AED 5.88 ($1.6 million) in Q2 2022, the latest addition to the company's losses......

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Dubai’s Salama plans $108mln capital reduction

August 9, 2022

The board of Dubai’s Islamic Arab Insurance (Salama) has recommended a capital reduction of AED398 million ($108 million) to write off accumulated......

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Emirates NBD launches ‘National Digital Talent Programme’

July 14, 2022

DUBAI, 13th July, 2022 (WAM) -- Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications,......

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Abu Dhabi Islamic Bank publishes its first Environmental, Social, and Governance report

July 8, 2022

Abu Dhabi, 7th July, 2022 (WAM) -- Abu Dhabi Islamic Bank, a leading Islamic financial institution, has released its first Environmental, Social,......

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Sukuk issuance to fall by $17.4bln in 2022 amid higher oil prices

July 5, 2022

Sukuk issuance volumes will fall this year as global liquidity dwindles and higher oil prices lower the need for financing in some Islamic markets.......

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Mashreq announces pricing of its $300mln debut offering

July 4, 2022

Mashreqbank, one of the leading financial institutions in the UAE, today (July 2) announced the pricing of an aggregate principal amount of $300......

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ILLM's Governing Board lauds regular supply of short-term Sukuk

June 10, 2022

ABU DHABI, 9th June, 2022 (WAM) -- The International Islamic Liquidity Management Corporation (IILM) held its 28th Governing Board meeting today......

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$2.2t Islamic finance industry set for 10% expansion in 2022

June 7, 2022

The $2.2 trillion global Islamic finance industry will expand about 10 per cent in 2022-2023 after a similar growth trend in total assets in 2021,......

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