Top Islamic Finance News

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  • QIB Helps Arrange $250M Financing For Power Firm

    An Islamic Financing arrangement worth $250m (QR910m) for part of the Ras Laffan C independent power and water project to be undertaken by Ras Girtas Power Company reached financial close on September 2, Qatar Islamic Bank (QIB) announced. The Peninsula – 14Sep 04:37GMT

  • Payout Assurance For Investors In UAE

    Investors in a Dubai equestrian development repossessed by Dubai Islamic Bank will be compensated, the emirate’s real estate regulator said. Emirates Business 24/7 – 13Sep 09:20GMT

  • Noor Islamic Bank Partners with EDC for Payroll Solutions

    Noor Islamic Bank PJSC announced it has signed a Memorandum of Understanding (MoU) with the Electronic Documents Centre (EDC), a subsidiary of Emirates Post Holding Group, to offer complete and customised payroll solutions to UAE-based companies. Press Release – 13Sep 08:16GMT

  • Moody’s assigns definitive ratings to sukuk certificates issued by Sun Finance

    Moody’s Investors Service has assigned definitive ratings to three classes of Sukuk Certificates issued by Sun Finance Limited. Press Release – 12Sep 09:01GMT

  • Clifford Chance advises on the Shari’a compliant ME RE sales receivables

    The Dubai and Abu Dhabi Offices of Clifford Chance LLP have advised on the first ever securitisation of instalment sales receivables. The transaction involving this brand new asset class was also Shari’a compliant. Press Release – 11Sep 11:14GMT

  • Fitch Affirms Islamic Development Bank at ‘AAA’/’F1+’

    Fitch Ratings has today affirmed the Islamic Development Bank’s (IDB) ratings at Long-term Issuer Default (IDR) ‘AAA’ with Stable Outlook and Short-term IDR ‘F1+’. Press Release – 11Sep 09:42GMT

  • Tamweel says Operations will not be impacted by investigation

    Following the disclosure that Abdulla Nasser Abdulla, DGCE of Tamweel PJSC and CEO of Tamweel Properties & Investments LLC, the Company wishes to reassure its shareholders and Sukuk holders that this investigation will have no impact on the operations and financial strength of Tamweel. Press Release – 10Sep 12:14GMT

  • IFSB admits Korea as latest member

    The Council of the Islamic Financial Services Board (IFSB) has resolved to admit Korea’s regulatory and supervisory authorities as the latest inclusion to the membership of the IFSB. Press Release – 10Sep 08:16GMT

  • Amlak Receives Licence to Operate in Qatar

    Amlak Finance PJSC, the largest real estate financier in the Middle East, and Barwa Real Estate Company, the largest publicly listed property developer in Qatar, have announced that Amlak Finance (Qatar) has received the licence to commence operations from Qatar Central Bank. Khaleej Times – 10Sep 06:55GMT

  • US Dollar No Longer Sukuk Issuers Choice

    With shaky US dollar conditions in global markets, sukuk issuers have also decided to not raise funds in US dollar denomination, a report released by a global-rating agency said. The report also maintained that the global sukuk market projects to cross the $20 billion by year end. Bahrain Tribune – 10Sep 06:42GMT

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