Recent

Islamic finance is set to slow next year. (Adek Berry/ AFP)
June 21, 2017 - 14:43 GMT
The growth in Islamic finance is expected to lose momentum in 2018.
Gas workers. (File photo)
June 18, 2017 - 15:55 GMT
UK court issues injunction in favor of UAE’s Dana Gas in sukuk issue.
Tunisia’s Prime Minister Youssef Chahed. (AFP)
May 11, 2017 - 09:27 GMT
Tunisia and Nasdaq Dubai have set up a task force to pave the way for Tunisia’s first issuance of a Sukuk.
The new credit cards are being launched as part of the bank's commitment to continuously provide flexible, Shari’a compliant financing solutions which address specific needs and provide enhanced benefits for customers, said a statement from the bank. (File photo)
May 10, 2017 - 11:53 GMT
Al Baraka Islamic Bank has announced the launch of its first-ever fully Shari’a compliant credit cards.
LG wins Dual “Best of the Best” in this year’s Red Dot Awards
April 04, 2017 - 11:24 GMT
LG Electronics (LG) was a big winner at this year’s Red Dot Design Awards, earning an impressive 20 total Red Dot Awards for excellence in design, including two Best of the Best awards.
IDB will spend $86 million for the expansion of the Tripoli port in Lebanon. (File photo)
March 28, 2017 - 07:00 GMT
The Saudi Arabia-based Islamic Development Bank (IDB) has approved $715 million in funding for development projects in three countries.
The Islamic, or halal, food industry is valued at about $2 trillion a year. (File photo)
March 23, 2017 - 17:06 GMT
Oman has several advantages in attracting investment in Sharia-compliant industries, including halal food.
Saudi Aramco's IPO is scheduled in the second half of 2018. (AFP/Fayez Nureldine)
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.
Moody’s said that Islamic banks perform better primarily as a result of their low funding costs, which reflect their reliance on largely stable current and savings account balances. (File photo)
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.
Nasdaq Dubai is the world’s largest venue for sukuk listings at $45.06 billion.  (File photo)
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.