Islamic Finance
-
The Bank of England’s (BoE) Deputy Governor Dave Ramsden announced plans for the launch of a Shariah compliant facility to support UK’s Islamic finance sector under a new BoE subsidiary named the ‘Alternative Liquidity Facility’ established specifically for this purpose. The facility will offer non-interest-based source of liquidity and will be the first such facility…
-
Over four hundred Islamic finance professionals including distinguished guests and global leaders from government, banking and professional services converged to the Mansion House in London on September 5th for the IFN’s UK Islamic Finance week. With subsequent real estate and financial technology events held to provide in depth discussion and insights on these key segments…
-
Earlier this month, Abu Dhabi Islamic Bank (ADIB) UK, a wholly-owned subsidiary of Abu Dhabi Islamic Bank, closed a commercial financing transaction for the acquisition of a Travelodge Hotel located at London’s Heathrow Airport. The property was acquired by a Saudi-based client for GBP40.3 million (US$51.23 million), with ADIB providing GBP26 million (US$33.05 million) of…