The twin effects of the COVID-19 pandemic and the sharp decline in crude oil prices has impacted the fiscal and growth challenges in the Gulf Cooperation Council (GCC) countries. The…
KIB Signs US$150m Bilateral Murabaha Facility Agreement with EQUATE Petrochemical Company Kuwait City – Kuwait International Bank (KIB), formerly the Kuwait Real Estate Bank, signed a US$150 million bilateral Murabaha…
The Saudi British Bank (SABB) is the latest Saudi bank to raise funds from the market through a Sukuk issuance. SABB, in a disclosure to the Saudi Stock Exchange (Tadawul),…
Saudi Arabia’s reliance on domestic sovereign Sukuk issuance as part of its public debt strategy increased sharply with The National Debt Management Center (NDMC) of the Ministry of Finance (MoF)…
The rapid evolution of FinTech is forcing regulators to keep up with developments so that they and their constituents – corporate and retail customers – do not get left behind…
While the year 2019 was a record year for primary Sukuk issuance, the year 2020 seems to be cautiously holding its own despite the economic and health impact of COVID-19…
The UK Government remains committed to issuing a second sovereign Sukuk “in the near future” confirmed an HM Treasury spokesperson in an interview with Mushtak Parker. “Last year the Government…
The Islamic Finance Council UK (UKIFC) in partnership with the UK Government, convened the inaugural Islamic Finance & UN Sustainable Development Goals (SDGs) Taskforce through a virtual meeting in early…
Malaysia Follows IsDB and Indonesia in Issuing Dedicated Covid-19 Mitigation RM500m Sukuk Prihatin Putrajaya – More countries are following the Islamic Development Bank (IsDB) and Indonesia in issuing dedicated Covid-19 mitigation…
The Islamic finance industry lost another of its contemporary pioneers, Hajj Saeed bin Ahmed Al Lootah, the founder and Chairman for many years of Dubai Islamic Bank (DIB), the oldest…