September 2, 2021

$50m financing for Benin community health project-

The Islamic Development Bank (IsDB) and the Government of Benin have signed a $50 million financing agreement for “Closing Gaps: Community Health, Human Resources, and Nutrition”......

August 25, 2021

IsDB and Organization of Islamic Cooperation aim to boost cooperation

JEDDAH: The president of the Islamic Development Bank, Dr. Mohammed Sulaiman Al-Jasser, on Monday received the secretary-general-elect of the Organization of Islamic Cooperation,......

July 29, 2021

Weaker demand and high competition to weigh on GCC takaful sector

Very intense competition and the weak performance of some key sectors such as travel, hospitality, and retail will likely weigh on growth prospects and earnings of Islamic (takaful)......

July 7, 2021

Islamic fintech transforms operational models, customer experience-

Islamic fintech has emerged as a promising segment that has not only overhauled traditional methods of offering financial services but also transformed business models, operational......

June 30, 2021

Aman announces the appointment of three new board members

Dubai Islamic Insurance & Reinsurance Company PJSC (Aman), the pioneering UAE Takaful Insurance provider, has announced the appointment of three new members to its board. The......

June 29, 2021

Dentons advises AUBK on its $600 million Tier 1 sukuk

Dentons has advised Kuwait's Ahli United Bank K.S.C.P. (AUBK) on the successful issuance of US$600 million Tier 1 capital certificates, which attracted......

March 31, 2021

Islamic philanthropy: UNCHR's Zakat funds saw 12.5% jump in donations to $48.5mln

UNHCR, The UN Refugee Agency supported 2.1 million refugees and internally displaced people (IDPs) through Zakat and Sadaqah funds in 2020, thanks to institutional partners and philanthropists......

December 3, 2020

How Islamic finance can boost Britain’s economic recovery from Covid

Islamic finance has an important role to play in supporting Britain’s recovery from Covid-19, according to the Bank of England, as the lender becomes......

November 24, 2020

Salama chosen as Takaful Company of the Year

Islamic Arab Insurance Company, listed as ‘Salama’ on DFM, has been chosen as the Takaful Company of the Year at the 7th annual Middle East Insurance Industry Awards.......

November 16, 2020

Dubai Islamic Bank successfully closes lowest ever yielding AT1 Sukuk

DUBAI — Dubai Islamic Bank (DIB) has successfully priced a US$1 billion Perpetual Non-Call 5.5 years Additional Tier 1 Sukuk with a profit rate of 4.625 percent per annum. ......