Is Dominance of Sukuk Issuance Shifting to Saudi Arabia?
WHAT is the total volume of foreign currency sukuk issued in Saudi Arabia and Malaysia in Q1 2017? The figure for Saudi Arabia, my research shows, is …
Middle East
Saudis Pick Dublin for Record Islamic Finance Bond Deal
Saudi Arabia listed its biggest ever sharia-compliant bond, known as a sukuk, on the Irish Stock Exchange yesterday, cementing Dublin’s …
New Rules for Zakat, Tax Collection OK’d In Saudi Arabia
Riyadh: — The Council of Ministers on Monday approved new regulations to enable the General Authority of Zakat and Tax to carry out its main task of …
Eaglexpress To Export Halal Foods To Saudi Arabia
Eaglexpress, an airline that is dedicated to Haj and Umrah, may complement Malaysia’s ambitions of becoming a net exporter of Halal food.
The company …
One Woman’s Plan to Take the New Nike Hijab Up To Everest
The performance head scarf will be worn by Muslim athletes around the world, but it’s also an essential piece of gear for one mountaineer
Over …
SIASAT’S ‘ISLAMIC CALLIGRAPHY EXHIBITION’ TO START ON 30TH MARCH IN JEDDAH
Jeddah: Siasat Art Gallery is going to organize Islamic Calligraphy Exhibition in the Kingdom of Saudi Arabia from 30th March to 1st, April 2017 under …
Halal Expo 2017 In Dubai Successfully Draws To A Close
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Oman- Meethaq, Moe Join Hands To Train 4,000 Students In ‘Little Investor’ Programme
(MENAFN – Muscat Daily) Muscat- Coinciding with the new academic year, Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, in …
Commercial Bank of Dubai Appoints New COO
In his previous role, Kumar was the Chief Operating Officer at Qatar Islamic Bank in Doha. With over 25 years banking experience, he spearheaded …
Saudi Arabian Airlines Seeks $1.3bn Sukuk To Expand Fleet
National carrier Saudi Arabian Airlines (Saudia) is seeking to raise 5 billion riyals ($1.3 billion) via the first tranche of a sukuk isuance …
Saudi Lender To Help Introduce Islamic Finance In India
Mumbai: – Stating that Islamic finance offers advantages like lower bad loans, an arm of Islamic Development Bank (IDB) today said it will …
Tourism Grows Steadily In MEA Region
The Middle East and Africa region is more focused than ever on developing its hospitality infrastructure with 538 hotels totaling 151,771 rooms under …
Islamic Banks` Market Share In Oman Set To Reach 10% By 2018
Muscat: Oman’s Islamic financial institutions are showing robust growth with the value of gross assets touching OMR2.25 billion by the end of 2015, …
Islamic Banking Takes A Leading Role In Saudi Arabia, Says Fitch
In a new report, Fitch Ratings says Islamic finance is a mature and developed industry in Saudi Arabia, representing about two-thirds of total bank …
Oman To Establish First Budget Airline
Muscat: – Oman plans to establish its first budget airline to boost tourism as the plunge in global oil prices encourages the country to …
Dubai Sells Halal Ready-To-Eat Meals for Muslim Migrants In Europe
Dubai – Over recent months, the European Refugee Crisis has dominated news headlines. At the same time, tens of thousands of Halal ready-to-eat …
Oman Central Bank Rejects Bank Muscat’s $1.3bn Sukuk Plan
Bank Muscat, Oman’s largest lender, has delayed plans to launch a 500 million rial ($1.3 billion) sukuk programme after the central bank …
Saudia: A Game-Changing Strategy For Al Kifah Holdings Financial Arm
Tamweel for trading & Installment Company ( TTIC ) assigns Shariyah Review Bureau as it ambitiously looks at accelerating Shari’a compliant …
Bank Nizwa’s Tenth Branch Opened In Barka, Oman
Barka: Bank Nizwa, Oman’s first Islamic bank, has opened its 10th full-fledged branch in the Sultanate, achieving its two-year expansion target …
Bank Muscat Launches Shahadati Educational Finance For Omani Youth
The Shahadati educational finance is designed to help Omani youth achieve their career advancement with relevant educational qualifications.
Customers …
Oman Sovereign Fund Boosts Buying Of Local Stocks
MUSCAT, – Oman’s State General Reserve Fund ( SGRF ) has boosted its buying of shares in the local stock market as prices have slid to …
Islamic Banking Thriving In Oman
Islamic banking in Oman is expected to grow at double-digit rates as sharia-compliant banking products increasingly gain acceptance and the …
Mideast Stocks-Gulf Stock Markets Plunge On Weak Oil; Saudi Down 2.9%
DUBAI, Stock markets across the Gulf dropped sharply in a panic sell-off on Tuesday after the price of Brent crude oil hit a new five-year low of …
Sharjah Show To Give Thrust To UAE’s Halal Move
The UAE’s plan to introduce a label to certify halal products will form part of the agenda at the upcoming OIC Halal Middle East Exhibition & …