Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end
Fitch Ratings expects ASEAN’s Islamic finance industry, valued at nearly $950 billion in mid-2025, to exceed $1…
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Islamic finance
Egypt issues $1b sovereign sukuk amid strong investor confidence
Egypt has issued $1 billion in sovereign sukuk through a private placement, marking its return to international…
UAE’s Mubadala launches USD sukuk
Abu Dhabi’s Mubadala has opened orders for a 10-year U.S. dollar-denominated sukuk, tapping global debt markets…
UAE targets AED2.56t in Islamic banking assets by ’31
The UAE’s newly approved Islamic Finance and Halal Strategy is expected to significantly accelerate the growth of…
FAB launches 1st global Sukuk in ‘24
First Abu Dhabi Bank (FAB) issued on Thursday a five-year Sukuk worth $800 million at a rate of U.S. Treasury +85…
Islamic banking is dominant in Saudi Arabia; says Fitch
Fitch Ratings said Tuesday the Islamic finance is a mature and developed industry in Saudi Arabia, representing…
EFG-Hermes Leasing eyes Islamic credit line from Gulf lender
EFG-Hermes Leasing, a wholly owned subsidiary of Egypt-based investment bank EFG-Hermes, is working on securing a…
China turns to Islamic finance to expand economic clout
Islamic finance is gaining prominence as a channel for China to expand its economic influence abroad as banks…
Bank of England May Broaden Islamic Liquidity Tools
The Bank of England is studying ways to increase the number of sharia-compliant assets that Islamic financial…
Banque Misr to Underwrite EGP600 million of Noran Sugar’s Islamic Finance
Banque Misr is set to underwrite EGP600 million of the EGP1.5 billion Shariah-compliant finance arranged for Noran…