Oman’s Al Yusr finances Movenpick Hotel

Oman’s Al Yusr finances Movenpick Hotel

MUSCAT: Al Yusr, the Islamic Banking Window of Oman Arab Bank (OAB), recently hosted the signing ceremony for the financing of the 4-star Movenpick hotel – Bowsher; a step that will boost Islamic banking finance for local projects within the...
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4th Cambridge Islamic Finance Leadership Programme concludes with huge success

4th Cambridge Islamic Finance Leadership Programme concludes with huge success

CAMBRIDGE: The 4th edition of Cambridge Islamic Finance Leadership Programme (Cambridge-IFLP) concluded recently with huge success that witnessed participation from around the world. While delegates were drawn from the UK, Nigeria, Kazakhstan, Indonesia, Malay...
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Dubai’s ArabianChain to create smart contracts for sukuk products

Dubai’s ArabianChain to create smart contracts for sukuk products

DUBAI: Dubai-based blockchain startup ArabianChain Technology has signed a joint venture with Dubai-and-London-based innovation firm Curiositas to create Wethaq – the world’s first platform for Islamic capital markets using smart contracts and legal automa...
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University highlights importance of Islamic Finance education

University highlights importance of Islamic Finance education

KUALA LUMPUR: With the rising importance of Islamic Finance in the global financial services industry, the University of Reading Malaysia is positioning itself to be a leader in the delivery of higher education programmes centred on the discipline. Henley Busi...
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ADIB, Porsche ink Islamic financing solutions deal

ADIB, Porsche ink Islamic financing solutions deal

ABU DHABI: Abu Dhabi Islamic Bank (ADIB) has signed an agreement Porsche Middle East and Africa (MEA), a subsidiary of the Volkswagen Group MEA, to provide financial services solutions to customers of the automotive company’s brands in the MENA region....
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KFH full-year 2017 net profit climbs 11.5 per cent

KFH full-year 2017 net profit climbs 11.5 per cent

KUWAIT CITY: Kuwait Finance House (KFH) reported an 11.5 per cent surge in full year net profit as financing and investments income rose while expenses fell for the sharia-compliant lender. Net profit attributable to shareholders for the period ending 31...
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BTMU provides $353m Islamic loan to Malaysian Saudi Telecom unit

BTMU provides $353m Islamic loan to Malaysian Saudi Telecom unit

TOKYO: The Bank of Tokyo-Mitsubishi UFJ has provided an Islamic syndicated loan to a Malaysian affiliate of Saudi Arabia’s state-owned telecom company, Saudi Telecom. The ringgit-based loan amount is about 41.7 billion yen ($353 million). Islamic finance...
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Afreximbank, ICD seal financing agreement on $100m facility

Afreximbank, ICD seal financing agreement on $100m facility

ABUJA: The African Export-Import Bank (Afreximbank) and the Islamic Corporation for the Development of the Private Sector (ICD) have signed a Line of financing agreement for a $100-million facility. According to the agreement, Afreximbank will use the facility...
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Islamic finance becoming attractive even for non-Muslims

Islamic finance becoming attractive even for non-Muslims

KUALA LUMPUR: Islamic finance has traditionally been dominated by Muslim-majority countries in the Middle East and Southeast Asia. Now much of the rest of the world is getting in on it, according to a report by CNBC. Buoyed by the...
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Path Solutions won the award for ‘Best Technology Solution Provider to Islamic Microfinance’

Path Solutions won the award for ‘Best Technology Solution Provider to Islamic Microfinance’

KUWAIT CITY:Path Solutions is proud to announce that it has been selected as ‘Best Technology Solution Provider to Islamic Microfinance’ at the ‘2nd International Islamic Microfinance Awards 2017’, held in conjunction with the region’s most prestigio...
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