islamic finance

ADIB UK Finances US$51.23 million hotel acquisition

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 […]

The UK’s largest corporate Sukuk issuance; London Stock Exchange hosts Sukuk Summit

Aft er proposing its first-ever Sukuk offering in January, Al Rayan successfully closed the largest corporate Sukuk issuance in the UK’s history last month with the Tolkien Funding Sukuk No 1 raising GBP250 million (US$349.18 million) in capital. The Sukuk facility was rated ‘A’ and priced at 0.8% above the LIBOR rate. The bank did […]

UK strengthens its position as Islamic Finance Centre

Introduction Islamic finance in the UK has continued to grow despite the economic uncertainty in the aftermath of the Brexit vote last year and the snap election in June. Islamic banks continued to demonstrate continued strength with record earnings from the Al-Rayan Bank, the country’s largest Islamic financial institution by assets. The first Shariah-compliant crowdfunding […]

Discover a World of Opportunities

This week the Institute of Directors (IoD) and the Scottish Business Network (SBN) will be hosting Scottish International Week. An amazing forum to learn and interact with some of Scotland’s leading businessmen and women with a track-record of success in new markets such as the Europe, North America, Middle East, and China. The forum will be held throughout the week, starting today […]