External sharia audits gain traction in Islamic finance – study
External sharia audits are gaining support in Islamic finance as consumers and regulators seek more transparency and accountability, a study…
Islamic Finance
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UAE to set up Emirates Trade Bank
Department of Economic Development with the support of Dubai Islamic Economy Development Centre is in discussions with the UAE Central…
UAE to set up the world’s first Sharia-compliant trade bank
The UAE is to establish the world’s first Sharia-compliant trade bank to bolster its ambition to be the centre of…
Establishment of Emirates trade bank in Dubai
The Dubai Islamic Economy Development Centre is supportive of the initiative from the Department of Economic Development in Dubai to…
Faisal Islamic Bank Of Egypt 9-month standalone net profit rises
Faisal Islamic Bank Of Egypt Sae * Nine-month standalone net profit 892.8 million EGP versus 646.9 million EGP year…
Hamdan bin Mohammed attends 3rd Global Islamic Economy Summit, honours Islamic Economy Award winners
Crown Prince of Dubai and General Supervisor of ‘Dubai the Capital of Islamic Economy’ plan His Highness Sheikh Hamdan bin…
Abu Dhabi Islamic Bank expects H2 earnings to match H1 growth -CEO
The chief executive of Abu Dhabi Islamic Bank expects the bank's earnings performance in the second half of this year…
Dubai Bank directors protest delayed hearing
Dubai Bank Directors accused of money laundering are accusing the prosecution for delaying the hearing of their case. Three…
Dubai on track to be Islamic economy hub
The Global Islamic Economy Summit 2016 kicked off in Dubai on Tuesday where industry specialists highlighted the challenges and opportunities…
DED launches global excellence centre and award to fortify Dubai’s Islamic economy capital initiative
The Department of Economic Development in Dubai unveiled today the 'Global Islamic Business Excellence Centre', which aims to expand Islamic…
Islamic finance body AAOIFI looks to finalise new standards by yr-end
The Accounting and Auditing Organisation for Islamic Financial Institutions plans to finalize several new standards by the end of the…
deVere Mortgages partners with Al Rayan Bank to offer Sharia compliant home finance
deVere Mortgages and Al Rayan Bank have today announced that they have entered into a strategic partnership to offer Sharia-compliant…