Posts tagged as: Zawya

El Wifack Leasing applies for approval to practice as Universal Islamic Bank

El Wifack Leasing applies for approval to practice as Universal Islamic Bank

The board of directors of El Wifack Leasing company wants to transform itself into a Universal Islamic bank and has submitted an application to the Central Bank of Tunisia (BCT) in order to get the approval. The transformation of the company comes by v…

1st cooperative insurance firm launched

1st cooperative insurance firm launched

Cooperative Insurance Company is the first firm established in the form of a public joint stock cooperative in line with the general policies of Article 44 of Iran's Constitution, which seeks large-scale privatization, and promotion of cooperative sect…

IILM to issue debut sukuk of USD490m in August

IILM to issue debut sukuk of USD490m in August

Malaysia-based International Islamic Liquidity Management Corp (IILM) will issue its long-awaited sukuk programme worth $490 million (RM1.6 million) this month, offering tenors of three months. The dollar-denominated sukuk programme, rated "A-1" by S&a…

UAE Central Bank issues notice on mutual funds to banks and investment companies

UAE Central Bank issues notice on mutual funds to banks and investment companies

The UAE Central Bank had ordered banks and financial companies to adhere to its Notice Number 237/2013 dated July 18, 2013, with regard to issuance and marketing of mutual funds. The Central Bank has asked all banks and investment companies to complete…

Ajman Bank Supports ‚Ramadan Aman‘ Campaign Launched by Al Ihsan Charity to Help Curb Speeding during Ramadan

Ajman Bank Supports ‚Ramadan Aman‘ Campaign Launched by Al Ihsan Charity to Help Curb Speeding during Ramadan

Ajman Bank partnered with Al Al Ihsan Charity Association as a main sponsor in its 'Ramadan Aman' Campaign. The objective behind this effort is to prevent drivers from speeding during the Ramadan rush hour before Maghreb prayer that often increases the…

Dubai Islamic Bank reshuffles management, names Chilwan CEO

Dubai Islamic Bank reshuffles management, names Chilwan CEO

Dubai Islamic Bank (DIB) has appointed Adnan Chilwan as chief executive. Chilwan, who was previously deputy CEO at the bank, replaces Abdullah Al Hamli who was named managing director. The management reshuffle at DIB comes when the bank is preparing fo…

Islamic financing rises 27% to USD1.1trn in 1 year

Islamic financing rises 27% to USD1.1trn in 1 year

According to Adil Dahlawi, CEO and Managing Director of Itqan Capital, the Islamic banking sector will witness an increasing demand as Islamic financing jumped 27 percent in one year to $1.1 trillion from $800 billion. He noted that one of the most pro…

Islamic financing rises 27% to USD1.1trn in 1 year

Islamic financing rises 27% to USD1.1trn in 1 year

According to Adil Dahlawi, CEO and Managing Director of Itqan Capital, the Islamic banking sector will witness an increasing demand as Islamic financing jumped 27 percent in one year to $1.1 trillion from $800 billion. He noted that one of the most pro…

IDB approves USD790m for development projects

IDB approves USD790m for development projects

The Islamic Development Bank's board of executive directors has approved new finances worth $790 million to carry out different projects in member countries. The board agreed to give $220 million to the renewable energy program of the Development Bank …

Abdulaziz AlSaghyir Holding launches Nama’a Center for Social Responsibility

Abdulaziz AlSaghyir Holding launches Nama’a Center for Social Responsibility

Abdulaziz AlSaghyir Holding has launched a center specialized in social responsibility. The aim of Namaa Center for Social Responsibility (NCSR) is to support social services, innovate communal programs and promoting scientific studies and research of …

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