Business Blog

Banque Misr, Egypt's second-largest state lender, has obtained a $105 million murabaha financing facility from three United Arab Emirates banks.

Banque Misr, Egypt's second-largest state bank, has obtained a $105 million murabaha financing facility from three UAE banks.

The policy is tailored to insure the company's tangible fixed and current assets, for the financial year 2016/2017.

The Takaful (Islamic insurance) model in Oman, which currently accounts for less than 10% of market share, needs to be suitably "restructured and realigned".

Egyptian takaful insurance companies have managed to capture 7.6% of the total insurance compensations paid throughout Q1 2016.

(The following statement was released by the rating agency) SINGAPORE/HONG KONG, June 01 (Fitch) Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings of the core insurance operating entities of the Etiqa group, namely Etiqa Insurance...