Saudi Arabia Banks in $4.5 Billion Settlement Over Islamic Taxes
Major banks in Saudi Arabia reached settlements worth a combined 16.7 billion riyals ($4.5 billion) with the kingdom’s tax authority…
Islamic Finance
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UAE lenders unaffected by troubles at Sharjah’s Invest Bank
Banks in the United Arab Emirates were unaffected on Monday by the central bank’s statement in support of Sharjah’s loss-making…
Standardisation critical for Islamic finance’s success
Bahrain regulators have called for Islamic finance practitioners to push for standardisation in the industry to ensure further growth across…
Bank of Sharjah celebrates 45 years of achievements
On Thursday 13th December 2018, Bank of Sharjah celebrated at the Jumeirah Beach Hotel – Dubai its 45th anniversary and…
Alizz Islamic Bank Wins Award for 'Best Arabian Management Team'
Alizz Islamic Bank has been awarded the ‘Best Arabian Management Team’ award in 2018 edition of Arab Best Awards ceremony,…
Dubai Investments unit said to hire HSBC, Citigroup for sukuk
Dubai Investments’ property unit hired HSBC Holdings and Citigroup to sell Islamic bonds early next year as it seeks to…
Malaysia's MIDF said to mull merger with Saudi's Al Rajhi
Malaysian Industrial Development Finance, the state-backed lender, is exploring a combination with the local unit of Saudi Arabia’s Al Rajhi…
Saudi banks close to deal with authorities on Islamic tax: sources
Saudi Arabian banks are expected to reach a deal with Islamic tax authorities before the end of the year to…
Liquidity squeeze hits sukuk sector
Shrinking liquidity as central banks rein in years of ultra-loose monetary policy is crimping both demand for sukuk as well…
Dubai Financial Market updates Sharia standards
Bourse became the world’s first Sharia-compliant exchange in 2007 The Dubai Financial Market (DFM) has published updated Sharia standards…
Dubai Islamic Bank triumphs at Islamic Banking Business and Finance Awards 2018
Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, has once again dominated the Islamic Business and Finance…
National Bank of Fujairah Awarded 'Best Islamic Window – UAE' at the Islamic Business and Finance Awards 2018
NBF announced today that NBF Islamic has retained the prestigious accolade “Best Islamic Window – UAE” for the third consecutive…