Sharjah Islamic Bank (SIB) announced this week that it has joined NASDAQ Dubai’s new Islamic financing platform, Murabaha, which offers an alternative for Islamic financing transactions using Sharia-compliant Certificates. SIB is the first bank to join the Murabaha platform, which was set-up by NASDAQ Dubai in partnership with Emirates Islamic Bank (EIB) and Emirates Islamic Financial Brokerage (EIFB). Originally founded ...

Sharjah could award up to AED 11 billion (US$3 billion) of construction projects by the end of 2014, according to a new report by Meed Projects. The report, which takes into account all known construction and transport projects in Sharjah with an estimated value of over AED18.3 million (US$5 million), predicted a bumper year for construction in the Emirate. According ...

Sharjah Investment and Development Authority (Shurooq) has announced the details of the AED 500 million (US$ 136m) Sir Bu Nuair Island development, a ground-breaking mixed-use real estate development due for completion in 2017. The announcement was made during the Arabian Travel Market (ATM 2014) in Dubai and is one of Shurooq’s largest initiatives to-date. Renowned for its natural beauty, the ...