Nasdaq Dubai has witnessed the listing of a $500 million Sukuk issued by the MENA-focused Arab Energy Fund, a leading multilateral impact financial institution. The sukuk marked the fund’s third ...

The Arab League on Tuesday approved a Qatari proposal to set up a US$1bn fund for Arab East Jerusalem, which Palestinians want as the capital of an independent state under any peace deal with Israel.

Arab Energy Fund, rated Aa2/AA–/AA+ (Moody's/Fitch), is marketing a dollar-denominated 10-year senior unsecured Regulation S sukuk at an initial price guidance of SOFR mid-swaps plus 95bps area.

Islamic fund managers in the Gulf are increasingly choosing foreign domiciles for their products, favouring their cost-efficiency and reputation for strong regulation as investors seek to avoid any ...

Norrenberger, a financial services group, has launched its Islamic fund, an ethical investment vehicle aimed at meeting the diversified investment needs of clients in alignment with ethical beliefs ...