Islamic banking
In its public hearing, the AAOIFI mentioned that it is likely to approve Standard 62 in 2025
This is supported by ongoing activities from both banks and corporate entities
Total profit from financing grew 20.6 percent, reaching AED3.7 billion in 2024
First phase focused on integrating the Bloomberg Auction System to enhance the local currency debt issuance process and workflows
Food delivery firm Talabat raised $2 billion in its stock market debut, the largest IPO in the MENA region during 2024
Bonds fund governments by repaying principal and interest; tawarruq converts debts into tradable securities
In seven years, the UAE plans to double FDI to $354 billion and triple the FDI balance to $599 billion
The global Islamic finance industry is witnessing remarkable growth, with total assets reaching $3.3 trillion by the end of 2023
Final share price has been set at AED1.60, valuing the company at around AED37.3 billion ($10.1 billion)
The additional 1,164,412,032 offer shares have been wholly allocated to the qualified investor offering
Company has notably teamed-up with major names like UAE Artificial Intelligence Office and FAB
