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Dubai Islamic Bank (DIB) has successfully arranged a US$1 billion syndicated financing facility for the Government of Pakistan, in collaboration with regional and international financial institutions. The five-year facility, partially guaranteed by an Asian Development Bank (ADB) Policy-Based Guarantee, is notable for being the first of its kind by ADB for Pakistan. The financing includes an Islamic tranche structured as a Commodity Murabaha, representing 89% of the total facility, highlighting the demand for Shariah-compliant financing. DIB served as the Sole Islamic Global Coordinator and, along with Standard Chartered, as Joint Mandated Lead Arranger and Bookrunner. Other participating Islamic banks include Abu Dhabi Islamic Bank, Ajman Bank, and Sharjah Islamic Bank. This arrangement is seen as a boost to Pakistan's economic reform and expansion of Islamic finance.
On July 8, 2025, GFH Financial Group B.S.C. announced that following unusual trading activity of its shares on Boursa Kuwait, there is no additional undisclosed material information that needs to be reported. This statement is in compliance with the instructions from Boursa Kuwait and the provisions of Article 4-5 of Module 10 (Disclosures and Transparency) of the Capital Markets Authority (Kuwait) Executive Regulations of Law No. 7 of 2010. The announcement was made by Mariam Jowhary, the Head of Compliance & AML.
The document provides details on the margin parameters for DFM Futures, effective from July 9, 2025. It lists various underlying symbols, their base margin percentages, currencies, and margin per contract, both base and spread. The underlying symbols include AIRARABIA, AlANSARI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMAARDEV, EMIRATESNBD, EMPOWER, GFH, OMOIL, SALIK, and SHUAA. The margin calculation methodology and eligible margin types are detailed in the Derivatives Clearing Guidelines and Procedures, available on the Dubai Clear website. The announcement is also accessible on the DFM website. A disclaimer notes that the information is subject to change and advises consulting the Dubai Financial Market Regulated Derivative Contract Trading Regulation for any inconsistencies.
A new series of equity futures contracts for October 2025 will be available for trading on the Dubai Financial Market starting from July 10, 2025. These contracts include various futures such as AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA. All these contracts will be listed on July 10, 2025, and de-listed on October 16, 2025. Additional details and updates can be found on the Dubai Financial Market website. Note that the information provided is subject to change and the Dubai Financial Market Regulated Derivative Contract Trading Regulation takes precedence in case of any inconsistencies.