Friday 24 February 2017
 
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Islamic

Warba seals $163m Kuwait financing portfolios deal

Kuwait-based Warba Bank said it has entered into a renewable agreement with Al-Mulla International Financing Company by which the bank will increase the allocated amount of the acquisition of financing portfolios from Al Mulla International Fina

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Dubai Islamic Bank issues $1bn senior sukuk

Dubai Islamic Bank has announced the successful pricing of the largest senior sukuk issuance by a financial institution globally. The $1 billion sukuk was issued with a five-year tenor, maturing on February 14, 2022. The issuance

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UAE eyes Dubai as Islamic economy hub

The UAE’s Ministry of Finance (MoF) recently signed a MoU with Dubai Islamic Economy Development Centre to boost co-ordination on matters related to the strategic plan for ‘Dubai the Capital of Islamic Economy 2017-2021’.

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Standard Chartered launches Islamic saving accounts

Standard Chartered Bank, a leading multinational banking and financial services company, has announced the launch of Islamic saving accounts for its corporate and institutional clients in the UAE. The announcement was made at an e

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ICD to implement new Islamic finance model

The Islamic Corporation for the Development of the Private Sector (ICD) has signed an agreement with AlHuda Center of Islamic Banking and Economics (CIBE) to implement its new banking model. The Islamic Corporation for the Develop

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Dafza event promotes global Islamic economic growth through innovation

Global Islamic economy growth through innovation was the highlight of the ‘International Innovative Platform for Islamic Economic Products 2016’, hosted by the Dubai Airport Freezone Authority (Dafza) and the International Centre of

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Damac shares get Sharia compliance certification

Damac Properties, a leading luxury real estate developer in the UAE, said it has obtained Sharia-compliant certification for its shares from Dar Al Sharia Islamic Finance Consultancy for purposes of investment and trading. This fo

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Qatar sells $1.26bn in bonds, sukuk

Qatar's central bank sold SR4.6 billion ($1.26 billion) of conventional and Islamic government bonds on Tuesday in its first domestic government bond offer this year, a central bank official told Reuters on Wednesday. The cent

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Australian Islamic Finance firm opens Middle East office

Equitable Financial Solutions (EFSOL), Australia's largest, international Islamic finance company, headquartered in Sydney, has announced the establishment of its Dubai office at Emirates Towers, Shaykh Zayed Road. EFSOL is ac

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Emirates Islamic launches ‘Bring Happiness’ campaign

UAE-based Islamic financial institution Emirates Islamic today launched the ‘Bring Happiness’ social media campaign, which aims to connect people in need with those who can offer their support. The initiative was launched to

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