Day: July 2, 2024

Majority of Fitch-rated Islamic banks use islamic derivatives

Dubai: Demand for sharia-compliant risk-management tools, such as Islamic derivatives, is gradually rising in many Muslim-majority countries as their Islamic banks’ domestic market shares grow, and financial sector development and risks due to interest rates, foreign exchange rates, and commodity prices rise, Fitch Ratings says. Nearly three-quarters of Fitch-rated Islamic banks used Islamic derivatives in

ROSHN Group and Saudi Ministry of Tourism sign an MoU to collaborate on achieving the National Tourism Strategy

Riyadh – ROSHN Group, Saudi Arabia’s leading multi-asset class real estate developer and PIF-owned giga-project, has signed a Memorandum of Collaboration with the Ministry of Tourism that will aim to support the realization of the Kingdom’s National Tourism Strategy and the achieving of targets including welcoming 150 million tourists and generating one million tourism-related jobs

Add your News Article here