islamic finance

Saudi's Alkhabeer eyes $266mln for new fund, subscription starts in December

November 30, 2020

Saudi Arabia’s Alkhabeer Capital, an Islamic investment and advisory firm, has launched the subscription for its new fund, which it hopes will......

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Saudi Arabia reiterates focus on driving financial sector via Islamic finance

November 23, 2020

Saudi Arabia is undoubtedly the biggest Islamic finance market in the Middle East. The kingdom is now banking on its comparative advantages to lead......

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Saudi ministry closes October 2020 domestic sukuk issuance worth $72mln

October 27, 2020

RIYADH — The Ministry of Finance’s National Debt Management Center closed the October 2020 issuance under the Saudi Arabian government......

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More Saudi firms set to issue Islamic bonds for capital boost

October 20, 2020

Two more companies in Saudi Arabia have joined a host of Gulf corporates looking to issue Islamic bonds amid heightened liquidity needs. On Monday,......

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Saudi finance chiefs welcome Moody’s sukuk rating

October 11, 2020

LONDON: Saudi finance chiefs have welcomed the latest ratings agency stamp of approval for the Kingdom’s sukuk program. Moody’s this......

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Saudi Arabia set to strengthen lead as world's biggest Islamic finance market

October 1, 2020

Saudi Arabia is set to strengthen its position as the world’s biggest market for Islamic finance as more customers switch from conventional......

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Saudi Arabia strengthens position as world’s largest Islamic finance market

September 30, 2020

LONDON: Islamic financing in Saudi Arabia will reach around 80 percent of system-wide loans in the next 12-18 months according to a report from Moody’s.......

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SEC issues $1.3bn international green sukuk

September 16, 2020

Saudi Electricity Company (SEC), the largest utility company in Mena, has completed a dual tranches RegS international Green Sukuk issuance, with......

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Saudi Arabia's zakat authority gets Europe's certificate of excellence

August 19, 2020

RIYADH — Saudi Arabia’s General Authority of Zakat and Tax (GAZT) has bagged a top award for being committed to the standards of the......

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Sixth Islamic Finance Executive Program to be held in Jeddah

March 2, 2020

JEDDAH — The sixth International Executive Program in Islamic Finance is scheduled to be held from 19-22, 2020 in Jeddah. The program is a......

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