Saudi Telecom Co (STC) has obtained a 1.51 billion ringgit ($378.5 million) Islamic loan through its Malaysian subsidiary, according to a document from arranging banks. Saudi Telecom, the Gulf’s largest…
Large initial public offerings (IPOs) in Malaysia could raise more than 10 billion ringgit ($2.49 billion) in the first half of the year, an official from CIMB Group Holdings Bhd…
Qatar is planning to set up a central Shariah committee for Islamic banks to create consistency in Islamic finance, according to the country's central bank. This is to ensure that…
The Dubai Gold and Commodities Exchange (DGCX) will foray into Islamic finance sector and is also looking at offering more products from Fast Eastern countries, said a senior official.Meng Chan Shu, director…
Challenging oil prices and burgeoning budgetary deficits among the oil-producing economies supported a sharp increase in issuance of sovereign sukuk in 2017, a trend that is expected to continue in…
In Historic Move, AAOIFI, Under Sponsorship of SABB’s Financial Services, Provides Free Access to Online Version of its Shari’ah Standards At the headquarters of the Saudi-British Bank (SABB) in Riyadh,…
