Islamic banking

Qatar’s Islamic finance assets grow 4.1 percent YoY to $187.6 billion in 2024

Islamic banks accounted for 87.4 percent of total Islamic finance assets 

Sharjah Islamic Bank lists $500 million AT1 sukuk on Nasdaq Dubai

Latest transaction brings Sharjah Islamic Bank's total outstanding on Nasdaq Dubai to $2.5 billion across five listings

Ajman Bank’s first $500 million sukuk issuance achieves 5.4 times oversubscription on Nasdaq Dubai

The issuance highlights the increasing appeal of Sharia-compliant financial instruments from UAE institutions

UAE to issue $8 billion of local currency debt to support domestic capital market growth: S&P

The UAE's well-capitalized and liquid banks stand ready to provide funding if capital markets become unsupportive, ensuring stability

OMNIYAT debuts $500 million green sukuk on Nasdaq Dubai

Successful launch highlights conviction that profitability and a positive environmental impact are mutually reinforcing

UAE Islamic finance industry surpasses $285 billion, new strategy to further boost growth: Fitch

The UAE Islamic finance industry is estimated to have reached over $285 billion at the end of Q1 2025

Qatar’s Islamic finance assets soar to $190.6 billion in 2024, dominating 97 percent of market

Qatar's islamic banking surged to $160.9 billion, outperforming conventional banks

UAE Cabinet approves Strategy for Islamic Finance and Halal Industry

The strategy aims to increase the assets of UAE Islamic banks from AED986 billion to AED2.56 trillion within six years

UAE’s ADNOC raises $1.5 billion through debut sukuk

Net proceeds will support ADNOC Group for general corporate purposes and funding diversification

GCC countries contribute over 35 percent of all emerging-market U.S. dollar debt in Q1 2025, Fitch reports

Primary market dollar issuance shows promise despite recent quietness in the GCC region

UAE MoHRE, ADIB launch instant digital wallet for corporate payments

Corporate customers can now make instant payments for MoHRE services through the new wallet 

DMCC’s Tradeflow platform secures shariah certification, appoints new shariah supervisory board

Newly appointed board will ensure that all transactions adhere strictly to Shariah’s rules and principles