Moody’s survey shows half of respondents expect sales of Islamic products to grow By Staff Writer, ZAWYA Asset managers in Gulf Cooperation Council (GCC) countries expect increased inflows over the next 12 months amid growing demand for Islamic and environmental, social and governance (ESG)-compliant investments, according to Moody’s 2021 survey of chief investment officers (CIOs) from […]
Demand for Islamic finance growing faster than conventional banking, says Moody’s By Staff Writer, ZAWYA Islamic banks in the Gulf Cooperation Council (GCC) region are weathering the coronavirus pandemic due to their focus on low-risk retail finance, Moody’s Investors Service said on Monday. Banks across the region have had a challenging period since the health outbreak […]
Press Release Al-Tuwaijri: The Bank Is in The Initial Operating Stages Those Interested May Visit Its Website to Register Andrew Ball: UK Banks Are Admired Around The World For Their Stability, Resilience And High Levels of Governance A Digital Bank Where Boubyan & Non-Boubyan Customers in Kuwait & The Region Can Open Accounts And Manage […]
Jamal Bin Theniyah, Chairman of Emaar Properties, on Tuesday rang the market-opening bell to celebrate the listing of a $500 million Sukuk on Nasdaq Dubai. The ceremony was attended by Ahmad Al Matrooshi, Executive Board Member of Emaar Properties; Rashid Al Shamsi, Board Member of Nasdaq Dubai; and Hamed Ali, CEO of Nasdaq Dubai and […]
DUBAI, July (Reuters) – Qatar’s Dukhan Bank sold $500 million in Additional Tier 1 (AT1) sukuk, or Islamic bonds, at 3.95% on Wednesday after it received more than $2.25 billion in orders, a document showed. The perpetual sukuk were tightened from initial price guidance of around 4.375%. AT1 bonds, the riskiest debt instruments banks can […]
Indonesia universities to use standardized government-produced textbooks for Islamic economy BY YOSI WINOSA SALAAM GATEWAY JAKARTA – Indonesia will integrate, over the next three years, Islamic economy pedagogy in textbooks to be used by at least 100 state universities. The goal is to better link and match, as well as produce, more talent for the […]
DUBAI, June (Reuters) – Dubai Islamic Bank (DISB.DU), the United Arab Emirates’ largest Islamic lender, sold $1 billion in five-year sukuk on Tuesday after receiving more than $2.8 billion in orders for the Islamic bonds, a document showed. It sold the sukuk at 110 basis points (bps) over mid-swaps, tightened from initial guidance of around […]
Africa Press Release The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IDB) Group, has signed a new 5-Year Framework Agreement in favour of the Government of The Gambia that target to provide up to US$ 50 million to the country on an annual basis. The agreement, signed with […]
By: Yousef Saba Oman has hired banks for its second international bond sale of the year, a planned issuance of nine-year U.S. dollar-denominated sukuk, a document showed on Monday, as it seeks to plug a large budget deficit. Oman hired Citi (C.N), Gulf International Bank, HSBC (HSBA.L), Standard Chartered (STAN.L), Bank ABC and Bank Muscat (BKMB.OM) to arrange investor calls […]
BY Staff Writer Jun 2021 News Salaam Gateway UK-based Ethos Invest is targeting a fund of 1 billion pounds ($1.39 billion) that will make private equity investments in Islamic and ethical small and medium-sized enterprises. The fund will focus on financial services and technology, Ethos Invest said in a statement on Tuesday (June 29). “The […]
