Islamic banking
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
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
