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Takaful Emarat begins trading on Dubai Financial Market

Dubai Financial Market (DFM) announced the listing of Takaful Emarat PJSC. Trading of the company's shares begin today, under the trading symbol "Takaful-Em," which will appear on DFM screens, trading systems and publications. Press Release - 20Jul 11:19GMT
DIB Launches Sharia Consultancy Subsidiary

Dubai Islamic Bank (DIB) announced the launch of its subsidiary Dar Al Sharia Legal & Financial Consultancy, which will serve as a one-stop solution centre for all Sharia, legal and financial consultancy for all types of Islamic financing and investment transactions on the global level. Press Release - 20Jul 10:49GMT
IDB approves $616.2m for new projects

The Islamic Development Bank (IDB) approved $616.2 million for new projects and technical assistance in member countries as well as Muslim communities in non-member states. The Saudi Gazette - 20Jul 06:29GMT
National Bonds sales jump 200% in first half

National Bonds, the Shariah-compliant national savings scheme of the UAE, said bond sales jumped 200 per cent to Dh1.4 billion in the first half of this year against Dh460 million in the same period last year. Emirates Business 24/7 - 20Jul 06:11GMT
ENBD, Noor Islamic arrange $500m Enoc loan

Emirates NBD and Noor Islamic Bank, acting as initial mandated lead arrangers and bookrunners, have arranged a $500 million (Dh1.84bn) syndicated Islamic loan facility for Enoc Supply and Trading (ESTC), a wholly-owned unit of Emirates National Oil Company Limited (Enoc). Emirates Business 24/7 - 20Jul 06:07GMT
National Bonds registers record sales of AED 1.4 billion in first half of 2008

National Bonds, the Sharia-compliant national savings scheme of the UAE, today announced it has achieved record-breaking sales in the first six months of 2008. Press Release - 19Jul 08:29GMT
ENOC Supply & Trading Closed US$500 m Islamic Facility

ENOC Supply and Trading LLC recently announced that it has successfully closed a US$500 million (AED 1.84 billion) syndicated Islamic facility, which involved the participation of leading regional and international financial institutions. Press Release - 19Jul 06:46GMT
Family Shari'ah Fund Completes Private Placement

The Family Shari'ah Fund Limited has just announced the completion of a successful US$31.55 million private placement capital fund-raising which was undertaken by The Family Office Company B.S.C., a multi-family office based in Bahrain. Press Release - 19Jul 05:58GMT
IDB's Tadamun Sukuk Program Rated 'AAA'

Standard & Poor's Ratings Services said today that it assigned its preliminary credit rating to the Malaysian ringgit (MYR) 1 billion Islamic medium-term note program to be issued by Tadamun Services Berhad, a special-purpose vehicle. Press Release - 18Jul 12:37GMT
Trowers & Hamlins Advise GFH on New Fund

International law firm Trowers & Hamlins has been retained by Gulf Finance House (GFH), a leading GCC based Islamic Investment Bank to advise on a Shari'ah compliant UK commercial property fund, Gulf Atlantic Real Estate II. Press Release - 17Jul 12:51GMT

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18Jul08

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20May08

A Breath Of Fresh Air
Al Hilal Bank became the eight and latest Islamic bank in the UAE and promises to bring an air of freshness to the industry. Mohamed Hairul Borhan reports.

Stealing A March
Islamic venture capital is an unknown quantity in the Middle East, but not so in Malaysia which is leading the change.

Taking Up Takaful
More companies are being set up to tap into the massive growth potential of the Takaful market.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Al Rajhi Bank	Saudi Arabia	34,712
2	Kuwait Finance House	Kuwait	21,537
3	Qatar Islamic Bank	Qatar	8,529
4	Dubai Islamic Bank	UAE	7,317
5	Alinma Bank	Saudi Arabia	6,802
» View Full List