Monday 21 September 2020

HSBC shares fall to lowest level since 1995

Share price of HSBC,a  leading itnernational bank, fell to its lowest level since 1995 amid allegations of money laundering, a BBC report said.   In 2013 and 2014 the bank allowed frau


BAB confirms banks' readiness to defer loan installments

Banks operating in Bahrain have affirmed their willingness to extend their support to customers and welcome their requests to defer loan installments until the end of the current year, to mitigate the effects of the Covid-19 pandemic, a Bahrain Association of Banks (BAB) statement said.


Emirates Islamic closes $500m sukuk issuance

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has successfully closed the issuance of a $500 million five-year Sukuk from its $2.5 billion Certificate Issuance Programme. The landmark issuance rated A+ by Fitch will be listed on Nasdaq Dubai and


Saudi Re receives Sharia certification from SRB

Saudi Reinsurance Company (Saudi Re), the sole reinsurance company in the Kingdom of Saudi Arabia, announced receiving the Sharia certificate for its offerings from Shariyah Review Bureau (SRB).  With a solid financial base of total assets SR2.9 billion ($772 million) and an


Bahrain loan payment deferment part of stimulus: Minister

Bahrain banks’ response to defer loan payments until the end of the year is a continuation of the economic stimulus announced under the directives of His Majesty King Hamad bin Isa Al Khalifa to unify national efforts to confront the impact of the coronavirus (Covid-19) pandemic, Financ


S&P Global Ratings to discuss Islamic finance sector outlook

S&P Global Ratings will host two virtual panel discussions around Covid-19’s overall impact on the Islamic Finance sector and GCC ratings, respectively.    The online event will feature a number of leaders from the Islamic financial services indus


Emirates Islamic Skywards visa credit card launched

Emirates Islamic, a top Islamic financial institution in the UAE, and Emirates Skywards, the award winning loyalty programme of Emirates and flydubai, have launched Emirates Islamic Skywards Black Visa Credit Card. The exclusive, co-branded credit card is designed to offer member


ADIB hosts virtual speed meeting to support fintechs

Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has collaborated with DIFC FinTech Hive for the fourth consecutive year to host a virtual ‘speed meeting’ session for some of the world’s most promising and innovative FinTech companies. The session


ila wins big at Transform Awards, MEA

ila Bank’s unique visual identity has impressed branding experts around the world as the year-old brand won four awards at the Transform Awards-MEA, held in Dubai.    Ila won the “Best Overall Visual Identity”, Gold in “Best Visual I


Taqa bolsters position in Morocco energy market

Taqa Morocco, a subsidiary of Abu Dhabi National Energy Company (Taqa) has announced finalization of a bond issuance by a private placement for AED 1.08 billion ($293.8 million), which diversifies Taqa Morocco’s funding base. Taqa Morocco generates electricity to meet more

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