March 23, 2017 - 12:03 GMT
Saudi Aramco is seeking to issue $2 billion worth debut Islamic bond sale, the first step of a plan to tap markets for an estimated $10 billion.
March 19, 2017 - 07:00 GMT
After trailing for five years, Islamic banks have become more profitable than their conventional counterparts in 2016 according to a report by Moody’s Investors Service.
March 13, 2017 - 06:02 GMT
Nasdaq Dubai and Bourse de Tunis have signed a Memorandum of Understanding (MoU) to boost collaboration and explore ways to promote Islamic capital markets products and solutions.
February 08, 2017 - 09:00 GMT
The rating agency believes that the GCC liquidity remains adequate in global comparison and that banks may respond to the lack of growth opportunities by reallocating some liquidity to the bond and sukuk markets.
January 31, 2017 - 09:00 GMT
There is growing demand in Europe among non-Muslims for more education and awareness of the Islamic finance industry and its products.
January 23, 2017 - 13:30 GMT
The Thomson-Reuters study evaluated the countries based on inbound Muslim travel, the quality of their Halal-friendly ecosystems, awareness campaigns, and the sector's contribution to employment.
December 27, 2016 - 10:00 GMT
Khaleeji Commercial Bank is considered to be one of the fast growing Islamic banks in the region.
December 21, 2016 - 06:18 GMT
A report published this month by Ernst & Young said the adoption of financial technology is not an option anymore, but an essential requirement for Islamic banks to gain more market share.
December 08, 2016 - 09:00 GMT
Tackling the lack of human capital in Islamic banking industry should be considered a priority, according to the chairman of Saudi Arabian Monetary Authority.
December 07, 2016 - 07:16 GMT
Fitch Ratings reports that while Islamic financing growth has slowed, growth was still ahead of conventional banks and is likely to stay in single digits in 2016.
December 06, 2016 - 10:00 GMT
Following consultations between the World Gold Council, Islamic scholars and and AAOIFI, standards have now been set by which financial institutions can apply Sharia principles in the direct physical handling of gold.
December 04, 2016 - 09:00 GMT
As the halal food industry continues to garner global interest, industry leaders in Barcelona are discussing ways in which the halal industry can have wider benefits for Mediterranean economies.
December 01, 2016 - 10:00 GMT
Saudi Islamic banks will continue to operate in a tougher environment due to slower financing growth, but liquidity has now stabilized with the recent government injection.
November 27, 2016 - 06:19 GMT
Speaking at the OIC's COMCEC in Istanbul, the Turkish minister called on delegates to design specific plans and programs to achieve 25 percent of trade between OIC countries.
November 22, 2016 - 06:30 GMT
The Standing Committee for Commercial and Economic Cooperation (COMCEC) of the Organization of Islamic Cooperation (OIC), a major economic body for Islamic countries, is holding its 32nd meeting in Istanbul.