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Nasdaq Dubai Lists $500 Million Sukuk by Sharjah Islamic Bank

Dubai: Nasdaq Dubai has welcomed the listing of a US$500 million Sukuk by Sharjah Islamic Bank (SIB), issued under its US$3 billion Trust Certificate Issuance Programme. The five-year Sukuk, maturing in November 2030, carries a profit rate of 4.6 perc…

Cyclone Ditwah Claims 61 Lives in Sri Lanka

Colombo: Sri Lanka’s Disaster Management Centre (DMC) reported that 61 people have died and 25 remain missing as severe weather linked to Cyclone Ditwah continues to affect the country.

According to Emirates News Agency, the ongoing adverse conditio…

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