Concept paper finalised under Strategic Action Plan 2024-26 to develop Islamic finance in the non-bank financial sector.

The agreement will enable ITFC to provide trade finance facilities, enhancing the bank's ability to support cross-border ...

The Master Murabaha Agreement reflects the shared vision of ITFC and Mutual Trust Bank to drive economic growth by supporting ...

Mutual Trust Bank PLC signed a master murabaha agreement with the International Islamic Trade Finance Corporation (ITFC), a ...

Mohanna, CEO and Managing Director of Flynas, stated that aircraft deals by Saudi national carriers have surpassed $100 ...

Saudi Arabia’s Public Investment Fund , managing assets totaling $925 billion, has imposed a one-year suspension on PricewaterhouseCoopers from securing advisory and consulting contracts. This ...

Flynas signed a Murabaha financing deal worth SAR 495 million ($132 million) with Bank AlJazira. In a statement, Flynas said the deal is to finance the acquisition of three state-of-the-art Airbus ...

Under a typical Murabaha agreement, the financier buys the property and immediately sells it to you (the customer) at a higher price that includes a profit. The amount of profit is based on a ...

Total Operating income after profit on murabaha and other payables and before attribution to quasi-equity stood at US$178.7 million, 20.0% higher than last year, while net income attributable to ...

Islamic finance, including Murabaha structures, is widely regarded as ethical and sustainable due to its emphasis on asset-backed financing, risk-sharing, and the prohibition of speculative practices.

Alrajhi Cement Holding Ltd (ARCH), a DIFC holding company announced today the closing of a $60 Million Murabaha facility, ...