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. ......

October 28, 2020

Etihad starts marketing dollar transition sukuk at around mid-2% - document

DUBAI - Etihad Airways, wholly owned by the Abu Dhabi government, on Tuesday began marketing U.S. dollar-denominated 'transition' sukuk, or Islamic bonds, a document showed.......

August 12, 2020

Sukuk issuance to rise more than expected in H2: Moody’s

A recovery in market conditions and an increase in the gross borrowing requirements of the world's largest sukuk sovereign issuers will fuel a rise in nominal sukuk issuance this......

August 10, 2020

Dar Al Takaful appoints CEO after acquisition of Noor Takaful

Dar Al Takaful has announced the completion of acquisition of UAE-based Islamic insurance provider, Noor Takaful, with Rajesh Sethi appointed as the chief executive officer of the......