Are COOs in the Middle East ready to adapt to the changing Operational challenges
The 10th Annual OPEX kicks off in Dubai, UAE. The most awaited COO event of the year - 10th…
Islamic Finance
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Urgent need for training bankers in Islamic finance
With Islamic finance (IF) and Islamic financial products (IFP) growing popular worldwide, there is an urgent need for training bankers…
Islamic finance body IIFM launches collateralised murabaha standard
The Bahrain-based International Islamic Financial Market (IIFM) has launched a standard contract template for collateralised murabaha transactions, aiming to boost…
Turkey treads fine line as state-run trio eye Islamic banking
Three Turkish state-run banks plan to launch Islamic units, widening the reach of interest-free finance in the majority Muslim nation,…
Kingdom gets recognition as one of most developed Islamic markets
Acknowledged as one of the most developed Islamic markets, Saudi Arabia is a destination that should not be overlooked, according…
Convergence between Shari’a and traditional accounting standards?
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) is reportedly working with the International Accounting Standards Board…
Enough room for Dubai and UK at the sharp end of Islamic finance
British observers have criticised and praised The Shard, London’s tallest building, in equal measure. Points of disagreement range from…
Why International Investors are Watching the Tadawul
The MSCI upgrade of Qatar and the United Arab Emirates to “emerging market’ status marked the beginning of increasingly liberalised…
Ithmaar Bank net profit hits $4.8 million
Bahrain-based Islamic retail bank Ithmaar Bank, yesterday announced a total net profit of $4.84 million for the nine-month period ended…
Islamic finance body picks up pace with new standards
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions has issued two new shariah standards, revised three others and…
QIB adds new security feature
To provide customers with world-class services along with the latest security features, Qatar Islamic Bank (QIB) has announced a new…
Bank Nizwa CEO named 'islamic finance personality of the year
Bank Nizwa CEO, Dr. Jamil El Jaroudi, was named 'Islamic Finance Personality of the Year' at the 4th annual Global…