ISTANBUL: Turkey on Wednesday signed two loan agreements worth nearly $570 million with Islamic Development Bank (IDB). The country’s Deputy Prime Minister Mehmet Simsek and the IDB’s President Bandar Hajjar…
With Islamic finance assets leaping to an estimated $2tn for both banks and non-bank financial institutions, and forecasts putting the volume at $3.2tn by 2020, voices have grown louder to…
Muscat: Oman’s Islamic banks and window operations have shown a robust year-on-year growth of 31.82 per cent (OMR700 million) in financing at OMR2.9 billion by the end of September 2017, as…
Turkey can increase its share to 10 percent - $400 billion - in the global halal market, said World Halal Summit’s head on Nov. 21. “With our government’s policies and…
First-ever transaction in the precious metals market under the new AAOIFI Gold standards National Bank of Fujairah (NBF) PJSC, today announced the completion of a Shari’a-compliant bullion financing transaction with…
Kuwait Finance House (KFH) has signed a bilateral cooperation agreement with KT Bank AG, the first bank in Germany and in the Eurozone with Islamic business model, in terms of…