The growing development of the Islamic finance industry reflects the efficiency and effectiveness of the Islamic finance instruments to contain financial shocks and adapt to developments, despite the economic changes and challenges in the arena.
The cryptocurrency, which started circulating in 2009, has become the most prominent of several fledgling digital currencies
The award was received on behalf of the bank by Mustafa al Lawati, head of investment banking, project finance and syndications at Alizz Islamic Bank, according to a press release.
The value of sovereign sukuk, or Islamic bonds, issued outside the Middle East and Southeast Asia by non-Muslim countries reached $2.25 billion in the 11 months through November
The Arab Best Awards was launched in 2016 to recognise and celebrate excellence in leadership, business, community and sports in the Arab world.