The move comes close on the heels of the Islamic Coin announcing Sept 1 for launch of its token on crypto exchanges, and a new $200 million fundraising
Shariah compliant products
Latest in Shariah compliant products
Blockchain
Islamic crypto moves to reassure investors as Silicon Valley Bank goes bust
Islamic Coin to allocate $40 million for launch of a worldwide ‘Grants and Investment’ programme, while Haqq Network announces an exclusive tie-up with Holiday Swap, the world’s largest home exchange platform
Abu Dhabi
Chimera Capital launches two new US Shariah-compliant ETFs on ADX
The new exchange traded funds (ETFs) from the Abu Dhabi investment firm will offer UAE investors direct access to US equity markets
financial solutions
Silicon Valley’s Tribal Credit offers Shari’a compliant financing to businesses in the Middle East
Tribal Credit has now become one of the first standalone credit and expense management solutions to offer Shari’a compliant products in the MENA region
Abu Dhabi
Abu Dhabi’s FinaMaze offers Islamic investors access to Shariah-compliant personalised “smartfolios”
Investors can put as little as $2,000 in the new “smartfolio”, which consists of a basket of stocks
Abu Dhabi
Abu Dhabi’s ADIB provides $136mn Sharia’a-compliant financing for Jubail Island construction
With coastal views, mangrove forests, and a central location, the Jubail Island community development will be home to 10,000 UAE citizens and residents within the next four years
Financial resilience
UAE’s National Bonds firm reports investments worth $3.23bn in 2021 as residents return to “low-risk savings”
UAE citizens and residents who have been long-term National Bonds savers with the company since 2006 have earned 64.11 percent in cumulative returns on their savings
Abu Dhabi
Adnoc Distribution shares certified as Shari’a-compliant
Adnoc Distribution’s certification will enable the brokerage arms of Islamic banks to trade its shares
Islamic banking
Opinion: why the future is bright for sukuk investment
Over the past 15 years, Islamic bonds have recorded upward trajectory in terms of issuance
Faysal Bank
Bahrain-backed Faysal Bank bucks global trend on branches plan
Pakistan’s Faysal Bank plans to open 200 new branches
Deyaar Development PJSC
Dubai developer Deyaar makes case for Sharia compliant hotels
Muslim travellers will spend $157 billion by 2020, driven by millennial travellers, with the top outbound market being Saudi Arabia
Abu Dhabi
222 year old Swiss Bank Lombard Odier looks to grow Islamic assets in the Gulf
The bank plans to open an office in Abu Dhabi as well as in Saudi Arabia