Home / Category / Finance / Islamic Finance

Islamic Finance News

Islamic Finance;Software & IT

Newgen's Dubai unit wins $2.22m software deal with Kuwaiti bank

Newgen Software Technologies' Dubai subsidiary has secured a $2.22 million contract from an undisclosed bank in Kuwait. The two-year agreement involves the implementation of Islamic finance origination and customer communication software, reinforcing the company's expansion in the Gulf region's banking sector.

Kuwait;United Arab Emirates | 4 weeks ago

Islamic Finance

TPAO secures $1 billion in debut sukuk issuance to anchor $4 billion Islamic finance program

Türkiye’s state-owned energy entity, TPAO, has successfully launched its inaugural $1 billion lease certificate issuance under a new $4 billion trust program. The Shariah-compliant offering was significantly oversubscribed, marking a milestone for Turkish public enterprises seeking diversified international capital to fund long-term energy infrastructure.

4 weeks ago • Turkey

Islamic Finance

Aramco strengthens liquidity position with USD 3 billion dual-tranche SUKUK listing in London

Saudi energy major Aramco has secured USD 3 billion through a two-part sukuk issuance listed on the London Stock Exchange. The transaction underscores sustained global appetite for high-grade Islamic debt and enhances the company’s funding flexibility amid evolving energy market dynamics.

4 weeks ago • Saudi Arabia

Latest News

Energy & Power | 3 days ago

EBRD approves USD 65 million for Egypt’s solar-plus-storage infrastructure project

The European Bank for Reconstruction and Development has committed USD 65 million to finance a hybrid 200 MW solar plant and 120 MWh battery storage facility in Aswan, Egypt. This initiative, developed by HAU Energy, marks a critical step in stabilizing the national grid while advancing the country's transition toward a low-carbon energy infrastructure.

Infrastructure | 3 days ago

USACE awards $113.8 million contract to J.F. Brennan for invasive carp deterrents at Brandon road project

The U.S. Army Corps of Engineers has awarded a $113.8 million contract to J.F. Brennan Company for leading-edge invasive carp deterrents as part of the Brandon Road Interbasin Project in Illinois. The award completes Increment I of the ecosystem restoration effort.

Energy & Power | 3 days ago

CoreMarine and Jumbo Offshore win contract for FLNG mooring installation in Argentina

CoreMarine and Jumbo Offshore have secured a contract from Southern Energy S.A. to transport, install, and hook up soft-yoke mooring systems for two FLNG vessels in Golfo San Matías. The project supports Argentina’s gas export expansion, with installations scheduled for 2027 and 2028.

Government & Policy | 3 days ago

NASA awards $76m data science contract to Development Seed for Marshall space flight center

NASA has selected Development Seed for a $76 million indefinite-delivery/indefinite-quantity contract to provide R&D services to the Office of Data Science and Informatics at Marshall Space Flight Center. The contract includes a two-year base period with three one-year options through June 2031.