MoneyGram partners with Digital Financial Services in order to help facilitate cross-border transfers involving digital wallets in the United Arab Emirates. Digital Financial Services is a partnership between Etisalat and Noor Bank, which was acquired earlier this year by the Dubai Islamic Bank. The partnership will enable eWallet users to make cross-border remittances to more than 200 countries […]

Dubai Islamic Bank PJSC (“DIB”), rated A3 by Moody’s and A by Fitch (both stable), successfully closed a USD 1 billion long 5-year Sukuk with a profit rate of 2.95% per annum, which is equivalent to 245bps over the equivalent tenor Mid Swap Rate. DIB’s $1 billion Sukuk is a landmark transaction as it is […]

Rehan Shaikh has been appointed as the Director and Chief Executive Officer (CEO) of the Standard Chartered Bank Pakistan in place of Shazad Dada. Shaikh is the current CEO of Islamic Banking at Standard Chartered, a position he has held since 2015 and is based in Dubai. Rehan Shaikh has diversified banking experience of over […]