Business Blog

Dubai will compete with London for a share of Islamic banks' liquidity management business by offering a new platform for murabaha trading.

KUALA LUMPUR, April 2 (Reuters) - Malaysia's Maxis Bhd MXSC.KL will undertake 2.5 billion ringgit ($766.5 million) in loans to refinance its debt and fund its capital needs, it said in an announcement to the stock exchange on Wednesday. Mobile...

DUBAI, April 2 (Reuters) - Kuwait&aposs Zain ZAIN.KW has secured a $250 million four-year Islamic loan from a syndicate of three Gulf banks, the telecommunications operator said on Wednesday.Zain, which operates in eight countries in the Middle East and Africa, has signed the Murabaha sharia-compliant cost-plus-profit facility with lead lender Boubyan BankBOUK.KW , plus Kuwait International Bank K

Bahrain's central bank has released a consultation paper to study possible changes to rules for sharia-compliant financing arrangements which the kingdom's Islamic banks can offer to accredited investors.

Ali Al-Obaidli, Ezdan CEO said, "Aside from being the first 100% Islamic finance transaction internationally syndicated for a Qatari corporate and

Barwa Bank, Qatar's fastest growing Shari'ah compliant banking service provider, is the initial mandated lead arranger for Ezdan Holding Group's first tranche of its USD500m debut syndication which closed on Monday, March 24, 2014.