The UAE’s gratuity system is in line for a shake up
Employers must consider new ways of paying end of service benefits to help fund the retirement gap between the gratuity…
Regulation, Risk & Compliance
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Report assesses the implications of a No-Deal Brexit for Islamic Finance
While a no-deal Brexit could have a significant negative impact on U.K.-based Islamic banks' asset quality, it is unlikely to…
The new UAE Central Bank law
On 23 September 2018, the President of the United Arab Emirates issued a new Central Bank law (Decree-Law No. 14…
Kuwait, KSA, UAE, Jordan review implementation of Makkah Summit outcome
Finance ministers of Kuwait, Saudi Arabia, the United Arab Emirates and Jordan have met in Kuwait to set mechanisms for…
Bahrain power firm closes $1.3bn refinancing deal
Bahrain-based Al Dur Power & Water Company has announced the successful closure of a $1.3 billion refinancing facility provided by…
The New Anti-Money Laundering Law
All that you should know about the New Anti-Money Laundering Law As part of the requirement of the Financial…
United Arab Emirates: Are You Criminally Liable For Bounced Cheque?
Just as threatening the title of this article may seem, the consequences of a returned cheque or a bounced cheque…
Deadline approaching on Bahrain robo advice consultation
Time is running out for financial services providers in Bahrain to give their views on a proposed regulatory framework for…
Bank manager in Dubai fakes signature, embezzles Dh10 million
A man who used to work as a manager at a renowned bank in Dubai was sentenced to five years…
UAE Central Bank Announces M1 Increased To AED486 Billion
The UAE Central Bank has announced that the Money Supply aggregate M1 increased by 0.1 percent, from AED485.6 billion at…
Common standards needed to globalise Islamic finance
Malaysia supports Qatar Financial Centre’s proposal to have common platforms and technology with other nations to serve the US$2 trillion…
Etihad Credit Insurance partners with Standard Chartered Bank
Etihad Credit Insurance has signed a Memorandum of Understanding with Standard Chartered Bank, a leading global banking group. The collaboration…