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…
NBE Grants EGP200mn Islamic Finance for a Company Working in Industry Sector
The National Bank of Egypt (NBE) announced a new Sharia-compliant loan agreement worth EGP 200 million ($28.7…
Barwa Bank panellistsfeature at Euromoney’s Islamic Finance Seminar in London
Senior management from Barwa Bank, Qatar's fastest growing Shari’ah compliant bank, participated in key industry…
Electricity, Banque Misr Ink Islamic Finance to Rehabilitate Boiler Unit in Egypt
Egyptian Ministry of Electricity will be signing today an agreement with Banque Misr (BM) over obtaining a…
Islamic Finance Set To Sustain Economic Growth In MENA Region; Experts
Rapidly-growing Islamic-based finance will drive the next phase of economic growth across the Middle East and North…
Islamic Finance Set to Sustain Economic Growth in MENA Region, say Experts
Euromoney Qatar Conference Speakers: GCC Leveraging USD 1.4 Trillion Islamic Finance Market to Fuel Job Growth via…
IDB to Launch $10 Billion Islamic Bond Program in Dubai
The Islamic Development Bank (IDB) ISDBA.UL will set up a $10 billion sukuk issuance program on the Nasdaq Dubai…
Islamic Banking Association Launches Index of Bourse’s Sharia-Compliant Shares
Islamic banking experts have called on the Central Bank of Egypt to tailor its policies regarding Islamic banking…
Egypt Launches Its First Index for Islamic Stocks
Egypt has launched on Wednesday its first index for the stocks compliant with the Islamic finance. This was on the…
Amwal Al Ghad Publishes 5 Nominees For Egypt’s Sukuk Central Shariah Board
Exclusively, Amwal Al Ghad unveils the names of the 5 figures nominated to win the membership in Sukuk Central…
Global Islamic Finance Industry Needs To Build Economies Of Scale
Financial institutions and regulators around the world need to work together to address challenges that are…
Egypt To Launch Islamic Stocks By Mid-June
The Egyptian Islamic Finance Association (EIFA) announced on Thursday it will launch its list of financial…
Ali Gomaa Says Islamic Economy Depends On Free Markets
Ali Gomaa, former Grand Mufti of Egypt, said Islam prohibits monopoly and its economy is based on free markets,…
Libya Bank Lending Paralyzed Amid Interest Ban: Islamic Finance
Ali Gumma finally saved enough money to buy a plot of land near Tripoli and was planning to build a family home…
Global Islamic Banking Valued At US$1.5 Trillion At End-March: El-Beltagy
The Chairman of Egyptian Islamic Finance Association, Dr. Mohamed El-Beltagy, has revealed that the volume of…
Bombay Stock Exchange Launches Broad-Based Islamic Index
The Bombay Stock Exchange (BSE) has launched an Islamic equity index based on the wide-measure…
Islamic Finance a Catalyst for Driving an Integrated Islamic Economy
The 3rd Annual Middle East Islamic Finance and Investment Conference (MEIFIC 2013) which was held today at the…
CBE Suspends Granting New Islamic Banking Licenses In 2013
The Central Bank of Egypt (CBE) will not grant Islamic banking licenses in the meantime amid the low growth rates…
NBE’s Islamic Retail Finances Hit EGP 150 Mln At End-March
The National Bank of Egypt’s (NBE) Islamic retail finances reached about EGP 150 million at the end of Q1 of 2013.…
Agricultural Credit Bank To Offer EGP 100 Mln Islamic Micro-Enterprise Finances
The total value of Murabaha finances offered by the Principal Bank for Development and Agricultural Credit (PBDAC)…
Suez Canal Bank’s Islamic Banking Transactions Hit EGP 950 Mln At End-2012
Suez Canal Bank’s Islamic banking transactions reached EGP 950 million at the end of 2012, registering an annual…
NBE Offers Al-Watania Poultry EGP 200 Mln Islamic Finance
The National Bank of Egypt (NBE) has approved to grant Al-Watania Poultry a Murabaha worth EGP 200 million. Sources…
Egyptian Jurist Says Sukuk Can Bring Egypt US$ 200 Bln
The Egyptian Jurist Hussein Hamed Hassan affirmed that Egypt is one of the strongest countries in the region in…
Agricultural Credit Bank To Launch Islamic Retail Banking Products In January
The Principal Bank for Development and Agricultural Credit targets to expand in Sharia-compliant retail banking…
Suez Canal Bank’s Islamic Transactions Hit EGP 900 Mln
Suez Canal Bank’s Islamic banking transactions surged by EGP 200 million during the period from the end of…
Al Baraka Bank Egypt Eyes EGP 143 Mln Net Profit In 2013
Al Baraka Bank of Egypt targets to achieve net profit of EGP 143 million in 2013, compared to expected net profit…
PBDAC Postpones Meeting With Bangladeshi Delegation
Sources at the Principal Bank for Development and Agricultural Credit said the current political turmoil delayed…
PBDAC Targets Raising Islamic Deposits To EGP 1.5 Bln In FY 2012/13
The Principal Bank for Development and Agricultural Credit targets to increase the value of Islamic deposits to EGP…
1st Annual Global Finance Conference Highlights Best Finance Tools For MSMEs
1st Annual Global Finance & Investment Conference which was held under the theme of “International Best…
Agricultural Credit’s Islamic Finances To Micro-Enterprises Hit EGP 5 Mln
The Principal Bank for Development and Agricultural Credit’s Islamic finances for micro agricultural projects…
S&P’s: Egyptian Banks 8th Lowest In Risk Exposure
The Egyptian banking sector was ranked the eighth globally in terms of risk exposure, while Swiss and Canadian…