Turkey Borrowed $1.25 Bln in Treasury Sukuk Issue -Bankers

ANKARA, March 30  – Turkey borrowed $1.25 billion through a six-year, dollar-denominated sukuk at around 5 percent on Thursday, bankers said, marking its fifth such issuance since entering the global Islamic bond market in 2012. The sukuk, which drew demand of more...

International Islamic Bank Signs for ICS Banks Islamic

ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that International Islamic Bank (IIB), a newly established bank in Iraq, has selected the multi-awards winning system ICS BANKS ISLAMIC....

Islamic Finance Aims for Easier Sukuk Investment

Abu Dhabi-  Two top standard-setting bodies are proposing new guidelines for Islamic bonds that could increase investment in the instruments by making them more transparent and easier to structure. Last week the Accounting and Auditing Organisation for Islamic...

Ithmaar Wins WIBC Award For Top Islamic Bank Globally

Ithmaar Bank, a Bahrain-based Islamic retail bank, was singled out among the world’s Islamic banks for a prestigious international award in recognition of its corporate social responsibility and financial disclosure. The independent award was presented at the World...
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