Government of Dubai Repays $600m Sukuk Certificates

Dubai The Government of Dubai, acting through the Department of Finance (DOF), announced that the $600 million Sukuk Trust Certificates issued on 2 May 2012 under its $5 billion Trust Certificate Issuance Programme, reached maturity on 2 May 2017. Upon maturity, all...

Workshop on Sukuk Model Law Project Held In Brunei

The Islamic Research and Training Institute (IRTI) and the Islamic Development Bank (IDB) organized a regional consultation workshop on Sukuk Model Law project. The workshop was organized in partnership with the Monetary Authority of Brunei Darussalam (AMBD) and was...

CBK Boosts Islamic Finance With Emirates’ Bank Licence

United Arab Emirates (UAE) lender, Dubai Islamic Bank, is set to start operations in Kenya as the Government seeks to issue a Shariah-compliant Sukuk bond. Kenya aims to become a regional hub for Islamic banking while setting the sector as a source of development...

FNB Launches Shariah-Compliant Insurance Product

FNB Islamic Banking has launched Takaful, an Islamic-compliant alternative to conventional short-term insurance. The Takaful product offering caters for commercial, vehicle, personal, body corporate and household cover. In time, the offering will extend to other forms...

QIB-UK Finances Buy-to-Live Properties in London

QIB-UK, a wholly owned subsidiary of QIB Group, has received official licensing to directly provide Sharia-compliant Murabaha Facilities for London properties which are intended for own use. This new product enables QIB-UK to finance a buy-to-live property as well as...

SOHAR ISLAMIC PARTICIPATES IN INTERCOLLEGIATE CAREER FAIR

Muscat – In line with its core values of supporting the community in the sultanate and developing employment opportunities for Omani youth, Sohar Islamic, Bank Sohar’s Islamic banking window, recently participated in the third Intercollegiate Career Fair. The event...
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