IslamicFinance.de

Noor Takaful, the Islamic Insurance provider, today launched its suite of Individual Family products with flexible protection, investment, and savings takaful plans to cater to the national and expatriate residents of the UAE. The introduction of the new products coincides with the first anniversary of the company’s inauguration and demonstrates its commitment to innovatively meeting the unique needs of the UAE market.

NASDAQ Dubai welcomes the announcement made today by Dubai Financial Market (DFM), by which DFM has made an offer to acquire NASDAQ Dubai, subject to regulatory approvals. Under the new ownership structure, DFM and NASDAQ Dubai will develop closer operational links.

Badr Al-Islami, the Islamic Banking Division of Mashreq, and Standard Chartered Saadiq along with Abu Dhabi Islamic Bank PJSC, Dubai Islamic Bank, Emirates NBD, First Gulf Bank, Ajman Bank and Arab African International Bank have successfully arranged a USD 347 million Dual Currency Syndicated Islamic Finance Facility for Al Ghurair Center LLC. Mashreq and Standard Chartered Bank were the Bookrunners on this deal. The Facility has a door to door tenor of ten years. Proceeds of the Facility will be used to finance the expansion of Al Ghurair City, a well known mixed used (retail, commercial and residential) complex located in Dubai.