Business and Banking

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Posted in Asia Business and Banking

Kimly to buy 75% stake in halal food business Tenderfresh for $54m

SINGAPORE: Coffee-shop operator Kimly has proposed to acquire a 75 per cent stake in home-grown food business Tenderfresh for $54 million, giving it an opportunity…

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Millennium launches international operations in Dubai to support $2.5 trillion global Islamic finance sector

DUBAI: Millennium Information Solution FZ-LLC a well-reputed core banking solutions provider for the US$2.5 trillion(Dh9.1 trillion) global Islamic finance sector, has recently launched its international…

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Corporate sukuk to grow slow in 2020

KUALA LUMPUR: Domestic corporate sukuk are in a better position than during the global financial crisis or the Asian financial crisis supported by moderately leveraged…

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KFH wins ‘Best Bank in Kuwait’ Award 2019

KUWAIT: Kuwait Finance House (KFH), the world leading Islamic financial institution, won the Euromoney Award for Excellence Country 2019 – Best Bank in Kuwait. KFH…

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ADIB adjudged Best Islamic Bank in the Middle East

ABU DHABI, June 2019: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has received the award for ’Best Islamic Bank in the Middle east…

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3rd China-UAE Conference on Islamic Banking & Finance to explore potential for participative economy

DUBAI:  Hamdan Bin Mohammed Smart University (HBMSU) has reaffirmed its commitment to building bridges of knowledge, cultural, and economic exchange with China by organizing the…

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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…

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CIMB clinches 12 prestigious awards at The Asset Triple A Islamic Finance Awards 2018

KUALA LUMPUR: CIMB Group (CIMB) garnered 12 notable awards at The Asset Triple A Islamic Finance Awards 2018 including ‘Sukuk Adviser of the Year in…

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Abu Dhabi Islamic Bank appoints Serhat Yildirim as Chief Digital Officer

ABU DHABI: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has appointed Serhat Yildirim as its new Chief Digital Officer. This comes as part…

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Emaar offers fast track home finance for residents and non-resident buyers with Noor Bank

DUBAI: Emaar Development, the global developer, has partnered with Noor Bank, a leading Shari’a-compliant bank in the UAE, to offer an exclusive, fast-track home financing…

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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…

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Kazakhstan seeks to become regional financial hub

ASTANA: Kazakhstan’s ambitious project to establish a financial services centre in Astana is now real with the launch of the Astana International Financial Centre (AIFC),…

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Philippine Stock Exchange review finds 62 firms are Shariah-compliant

MANILA: The Philippine Stock Exchange said it classified 62 securities as compliant with Islamic finance principles, as of June 25. In its quarterly review, the…

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Growing need for retail green bonds

KUALA LUMPUR: Issuances of green bonds — funds specifically raised to support climate-related or environmental projects — have grown exponentially over the past few years….

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New Website to Simplify Islamic Home Financing for U.S. Consumers

RESTON, VA: Guidance Residential, the leading U.S. Islamic home financing provider launched a revamped website and inviting visitors to explore the website at www.GuidanceResidential.com. The…

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Meethaq trains over 10000 students in ‘Little Investor’ programme

MUSCAT: Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, in step with the bank’s vision ‘To serve you better, everyday’ and commitment…

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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…

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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…

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Meethaq Sharia’a board reviews growth strategy

MUSCAT: The Sharia’a supervisory board of Bank Muscat’s Meethaq Islamic Banking window held its first meeting of 2018 under the chairmanship of Sheikh Dr Ali…

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Islamic Finance Knowledge Program Highlights Business Opportunities to Entrepreneurs in Oman

MUSCAT: As part of their Islamic finance knowledge program, Bank Nizwa, Takaful Oman Insurance and Al Kawthar fund organized their latest workshop in Sohar to…

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Bank Muscat’s Meethaq exceeds target of 5000 students in ‘Little Investor’ programme

MUSCAT: Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, has achieved a milestone exceeding the number of school students targetted for financial…

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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…

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Sharjah Islamic Bank raises capital through the issuance of convertible Sukuk

SHARJAH: Under the patronage of the wise vision of His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah,…

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Mawarid Finance launches Fatwa Book on Mawarid 10th Anniversary

DUBAI: Mawarid Finance has recently launched a Book titled “Shariah Fatwas of Mawarid Finance”. Published by the Shariah Department at Mawarid Finance, the book consists…

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