Sharjah Islamic Bank – Credit Ratings Affirmed
In a notable update, Capital Intelligence Ratings (CI Ratings) has reaffirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign …
Middle East
Devastating Hajj Heatwave Claims Over 1,000 Lives, Hundreds Still Unaccounted For
This year’s Hajj pilgrimage has been tragically impacted by a severe heatwave, resulting in nearly 500 confirmed fatalities and raising fears …
AATB Partners with Tunisia Africa Business Meeting to Boost Economic Growth and Food Security
The Arab-Africa Trade Bridges (AATB) Program is gearing up for its 4th Board of Governors (BoG) Meeting and the 11th Executive Committee (EC) Meeting …
Top 8 Reasons to Go for Umrah After Hajj 2024
The pilgrimage to Mecca, known as Hajj, is a pivotal event in the life of a Muslim, symbolizing spiritual renewal and deepened faith. However, another …
Pilgrims Conclude Hajj with Stoning of the Devil and Circling the Kaaba
Each year, Muslim pilgrims complete the sacred Hajj pilgrimage in Mina, Saudi Arabia, amidst the blazing summer heat. This pillar of Islam is a …
Hajj Pilgrimage Ends in Saudi Arabia as Makkah hits 51.8°C
Amid a severe heat spike in Makkah, Saudi Arabia has issued an urgent warning as Muslim pilgrims conclude this year’s Hajj pilgrimage under …
Over 550 Hajj Pilgrims Die Amidst Soaring 50°C Temperatures
This year’s Hajj pilgrimage to Makkah, Saudi Arabia, has been severely impacted by extreme heat, leading to the tragic deaths of several dozen …
ADIB Reaches 1 Million Users on Its Mobile Banking App
Abu Dhabi Islamic Bank (ADIB), a prominent Islamic financial institution, has recently celebrated a significant digital milestone: surpassing one …
Arada Secures $400M Sukuk, Oversubscribed by 3.5 Times
Sharjah-based real estate developer Arada Developments LLC (“Arada”), rated B1 by Moody’s and B+ by Fitch, has successfully issued its second public …
Saudi Arabia’s Islamic Arts Biennale Announces 2025 Opening Date
The highly anticipated second edition of Saudi Arabia’s Islamic Arts Biennale will commence on January 25, 2025, organizers announced. This unique …
Balad Falafel Introduces Halal Cart to Orange County in the US
Waiting in line on a recent afternoon, the fragrant aroma of fresh falafels from the Balad Falafel cart wafted through the air, overpowering even the …
Five Guys Launches Largest UAE Branch at Dubai International Airport
Five Guys, the beloved American burger chain, has expanded its global footprint by opening its largest branch in the United Arab Emirates at Dubai …
Saudi Arabia to Host Brazil Investment Summit, Plans $15B Investment
Saudi Arabia is poised to make a significant financial commitment to Brazil, as revealed during an investment summit held this week in Rio de Janeiro. …
Awqaf Minister Tours Qatar’s Hajj Camps in Holy Areas
In preparation for the Hajj season AH 1445, HE Ghanem bin Shaheen Al Ghanim, the Minister of Endowments (Awqaf) and Islamic Affairs and head of the …
Pak-Qatar Family Takaful Announces Waqas Ahmad as New CEO
Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Shariah-compliant Family Takaful solutions, is excited to announce the appointment of …
Kuwait Hajj Chief Urges Compliance with Saudi Laws
As the Hajj season approaches, the Chief of the Kuwaiti Hajj Mission, Dr. Bader Al-Mutairi, emphasized the critical importance of adhering to Saudi …
Hajj Pilgrims Advised To Take Precautions Against Scorching Heat
As millions of Muslims from around the globe converge in Makkah for the annual Hajj pilgrimage, they embark on a profound spiritual journey that holds …
Saudi Arabia Removes 300,000+ Unregistered Pilgrims Before Hajj 2024
As the annual Hajj pilgrimage draws near, Saudi Arabia has implemented stringent measures to enhance the safety and organization of millions of …
CBB’s Sukuk Al-Ijara Oversubscribed by 323%
MANAMA, (BNA): The Central Bank of Bahrain (CBB) has announced a remarkable achievement: the latest issuance of its short-term Islamic leasing bonds, …
Qatar’s Islamic Finance Assets Reach QR656bn in 2023, Reports Bait Al Mashura
Islamic finance assets in Qatar experienced significant growth in 2023, rising by 3.3% year-on-year to reach QR656 billion, according to a recent …
AM Best Reaffirms Credit Ratings of Qatar Islamic Insurance Group Q.P.S.C.
In the vibrant landscape of the global insurance market, the Qatar Islamic Insurance Group Q.P.S.C. (QIIG) continues to distinguish itself with …
Alizz Islamic Bank Offers Travel Now, Pay Later Plan Without Salary Transfer
This summer, Alizz Islamic Bank is making it easier for you to explore the world with its new Pay Later travel finance offer. Starting from June 3rd …
Zil Hajj Moon Sighted in Saudi Arabia, Eid Ul Adha on June 16
Saudi authorities have confirmed the sighting of the crescent moon, marking the beginning of Zil Hajj, the final month of the Islamic lunar calendar. …
Female Pilgrims Advised Against Wearing Provocative Clothing
As millions of Muslims around the world prepare for Hajj 2024, significant attention is being given to the conduct and dress code of female pilgrims. …