Islamic Finance Body Issues Guidelines To Harmonise Practices Across The Industry
The Kuala Lumpur-based Islamic Financial Services Board (IFSB) has released draft guidelines on liquidity risk management for Islamic banks and a new …
Islamic Finance
Mega Bank Merger Deal Re-Drawn To Ensure Easier Passage, Say Sources
IT is unlikely that the listing committee of Bursa Malaysia will give a waiver to the Employees Provident Fund (EPF) to vote for the proposed merger …
Egyptian Saudi Insurance House Invests In Egypt’s SALAMA Takaful Firm
Egyptian Saudi Insurance House and Faisal Islamic Bank are planning to contribute in Salama Family Takaful Company (Life Insurance) in Egypt in which …
Dar Seeks Foreign Investment In Pakistan
WASHINGTON – Federal Minister for Finance and Economic Affairs Senator Ishaq Dar in his meeting with United States Trade Representative (USTR) Michael …
Tunisia Sends RFPs For Its First Dollar Sukuk Debut
LONDON, – The Republic of Tunisia has sent banks request for proposals (RFPs) for a potential US dollar denominated sukuk transaction, according …
Dubai Welcomes More Alcohol-Free Hotels
The development of dry hotels (hotels that do not serve alcohol) in Dubai has continued to flourish, underpinned by the city’s strategic efforts …
52 Listed Companies In The Philippines Become Shariah-Compliant
Fifty-two publicly listed companies in the country, including six which are part of the main-share Philippine Stock Exchange index, made it to the …
Oman Sets Up Shariah Supervisory Board To Streamline Islamic Banking Activities
Oman — Oman’s central bank has set up a shariah supervisory board to help oversee the sultanate’s Islamic banking industry, a centralised model …
Bahrain Bourse Going To Introduce Range Of Islamic Financial Products
Bahrain’s stock exchange plans to launch a range of Islamic investment products, including a novel equity-based murabaha financing tool and Islamic …
Islamic Finance Industry Growing 16% Every Year
Abu Dhabi: Abu Dhabi Islamic Bank (ADIB) said the Islamic finance industry is growing rapidly, with global assets increasing by an estimated 16 per …
Aafaq Islamic Finance Obtained Three Global Awards
In line with consecutive successes, aafaq islamic finance obtained three global awards the first one was “Best Services Provider for …
National Bank of Fujairah Launches NBF Islamic
Fujaira, UAE– National Bank of Fujairah (NBF) PJSC today announced the launch of NBF Islamic, a service proposition that seeks to provide …