Islamic banking
The issuance highlights the increasing appeal of Sharia-compliant financial instruments from UAE institutions
The UAE's well-capitalized and liquid banks stand ready to provide funding if capital markets become unsupportive, ensuring stability
Successful launch highlights conviction that profitability and a positive environmental impact are mutually reinforcing
The UAE Islamic finance industry is estimated to have reached over $285 billion at the end of Q1 2025
Qatar's islamic banking surged to $160.9 billion, outperforming conventional banks
The strategy aims to increase the assets of UAE Islamic banks from AED986 billion to AED2.56 trillion within six years
Net proceeds will support ADNOC Group for general corporate purposes and funding diversification
Primary market dollar issuance shows promise despite recent quietness in the GCC region
Corporate customers can now make instant payments for MoHRE services through the new wallet
Newly appointed board will ensure that all transactions adhere strictly to Shariah’s rules and principles
Agreement aims to strengthen cooperation and information exchange in areas of mutual interest
