ISTANBUL Flag carrier Turkish Airlines on Monday signed a landmark finance deal with Dubai Islamic Bank (DIB) to purchase Airbus A350 airplanes. Speaking at a ceremony at Turkish Airlines’ headquarters in Istanbul, the airline’s Chairman, Ahmet Bolat, said the financing method implemented in the agreement is a first. “This transaction demonstrates our commitment to financial
Muscat: NBO Muzn Islamic Banking offers a diverse range of eco-friendly credit cards that combine sustainability, global privileges and full Shari’ah compliance, designed to meet the needs of a wide range of customer segments. Available in Gold, Platinum and Signature tiers, the cards are structured on Qardh Al Hasan principles and provide a host of
In a world grappling with economic volatility and uncertainty, lingering inflation and the rising cost of capital, an alternative financial system grounded in ethics and risk-sharing is attracting renewed attention. Islamic finance – a system that prohibits interest, discourages speculation and demands real asset backing – is seeing a global resurgence. Two countries, Türkiye and
Muscat: In line with its commitment to provide its clients the latest, most intuitive solutions, ahli islamic, a pioneer in Islamic banking in the Sultanate of Oman, introduced its newly enhanced mobile banking app, designed to deliver an improved and seamless user experience. Featuring a fully redesigned interface, the app offers a modern look and innate
Muscat: As part of its steadfast commitment to fostering sustainable growth and driving excellence within the Islamic financial landscape, Sohar Islamic, the Islamic banking window of Sohar International, has signed a Memorandum of Understanding (MoU) with the Islamic International Rating Agency (IIRA). The collaboration underscores the bank’s proactive approach to aligning with global benchmarks in