HSBC Saudi introduces new commodity fund
HSBC Saudi Arabia has launched its new HSBC Amanah Commodity Index Fund. The objective of this new open-ended Shariah compliant…
Islamic Finance
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Iran detains 19 suspects in $2.6bn bank fraud case
Iranian authorities have detained 19 people suspected of being involved in a $2.6 billion bank fraud scheme which is regarded…
E&Y advisor to CBO on Islamic banking rules
The Central Bank of Oman (CBO) has appointed Ernst & Young to advise the apex bank on formulating a separate…
Takaful market Set to grow in S. Africa and beyond
Another sign that the mainstream banks in South Africa are taking Islamic finance as a serious niche market business is…
Ajman Bank appoints new Chief Risk Officer
Ajman Bank recently announced the appointment of Talal Soubra as its new Chief Risk Officer (CRO). Mr. Soubra brings to…
Barclays opens Islamic window in the Dubai International Financial Centre
Barclays Bank plc announced that it has received approval to operate an Islamic Window in the Dubai International Financial Centre…
Oasis Group's CEO outlines expansion strategy
Cape Town-based Oasis Group Holdings is the pioneer of Shariah-compliant asset management, retirement and investment fund products - both equity…
Oman launches Corporate Governance Excellence Award Competition 2011
After the success of the last year Corporate Governance Excellence Award Competition, 2010 and the positive responses Oman Centre for…
Sovereign wealth fund over mega bank?
At this year's NBAD's Global Financial Markets Islamic Forum in Abu Dhabi, I was requested to make a presentation on…
HSBC Saudi rolls out new commodity fund
Global banking giant HSBC said its Saudi unit has launched a new open-ended Shariah compliant fund - HSBC Amanah Commodity…
Tapping Islamic funds
The 7th annual World Islamic Funds and Financial Markets Conference (WIFFMC 2011) will feature critical discussions on strengthening the Islamic…
Iran hit by massive $2.6 bn banking scam
Several Iranian banks have been targeted in one of the biggest frauds in the Islamic republic's history, losing nearly $2.6…