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islamic finance

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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Nasdaq Dubai welcomes listing of two Sukuk issuances by Government of Indonesia with total value of US$ 3.25 billion

June 7, 2022

DUBAI, 6th June, 2022 (WAM) -- Nasdaq Dubai today welcomed the listing of two Sukuk tranches issued by the Government of Indonesia, with a total......

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IsDB approves US$176.12 mn financing for food security, health, transport, water, sanitation projects in four member countries

June 3, 2022

SHARM El SHEIKH, 2nd June, 2022 (WAM) -- The Board of Executive Directors of Islamic Development Bank (IsDB) approved US$176.12 million to finance......

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UAE’s Gulf Islamic Investments acquires digital bank from Mubadala

June 2, 2022

The UAE-based Gulf Islamic Investments (GII) has fully acquired Anglo-Gulf Trade Bank (AGTB) from Abu Dhabi’s sovereign wealth fund Mubadala......

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UAE’s Gulf Islamic Investments acquires stake in Saudi’s $530mln dental chain

May 18, 2022

Investment management and advisory firm Jadwa Investment has sold its majority stake in Saudi Arabia’s healthcare company Al Meswak to UAE-based......

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ADIB to set up asset management-focused entity

May 6, 2022

Abu Dhabi Islamic Bank (ADIB) will set up an entity focused on asset management as part of its ambitions to expand its asset management business.......

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SIB 's net operating profit increased 17.1%, net profit 13.9% in Q1 2022

April 22, 2022

SHARJAH, 21st April, 2022 (WAM) -- Sharjah Islamic Bank (SIB) announced an increase in its operating profit before provisions by 17.1%, amounting......

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Dar Al Takaful and Watania merger expected in June

April 8, 2022

Islamic insurance companies Dar Al Takaful (DAT) and National Takaful Company (Watania) said their merger is expected to take place in June. The......

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Sharjah Islamic Bank wins 'Dubai Service Excellence Programme' award

March 29, 2022

SHARJAH, 28th March, 2022 (WAM) -- Sharjah Islamic Bank (SIB) picked up the award for Best Service Performance Brand in the service sector, at the......

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