Islamic banking
Agreement aims to strengthen cooperation and information exchange in areas of mutual interest
Investors can now participate with as little as $1,000 compared to the usual $200,000 minimum
The CBUAE forecasts an acceleration of growth to 4.7 percent in 2025, reflecting the resilience of the national economy
The sukuk saw demand from over 100 investors, including a considerable amount of new investors
The AGM highlighted ADIB's strong business momentum and the exceptional 2024 performance
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
