CBE says 1st phase of export risk guarantee company completed
With the help of the African Export-Import Bank the Central Bank of Egypt has completed phase one of a project…
Regulation, Risk & Compliance
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ENBD Reit earmarks $65m for property acquisitions in 2019
ENBD Reit, the Sharia-compliant real estate investment trust managed by Emirates NBD Asset Management, has earmarked $65 million for acquisitions…
Bank Nizwa Brings Islamic Banking Closer to Corporate Customers
Reinforcing its strategy to offer an excellent customer service experience, Bank Nizwa recently launched its ‘Islamic Banking for Business’ Series. …
GCC sovereign, corporate issuances fell by 12% in 2018
The aggregate primary issuance of bonds and sukuk by GCC entities, including central banks local issuances, GCC sovereign and…
Regulations for banks, financial services firms need fine-tuning
Players in the banking and financial services sector have learned a lot from their mistakes, with a host of new…
Turkey’s wealth fund hires banks for first foreign loan
Turkey’s sovereign wealth fund (Varlık Fonu) hired Citigroup Inc. and Industrial Commercial Bank of China Ltd. to coordinate a 1…
Loans just got cheaper in India as RBI cuts repo rate
The repo rate cut of 25 basis points announced on Thursday by the Reserve Bank of India - the first…
Central Bank of Kuwait to appoint independent Shari’ah Supervisory Board
Kuwait’s central bank is working on a draft law which will allow it to appoint an independent Shari’ah Supervisory Board,…
UAE releases $496 million frozen funds, ending Kuwait dispute
A dispute between Dubai and Kuwait appeared to have ended on Tuesday as the United Arab Emirates’ central bank authorized…
Treasury to take over Turkey’s largest listed bank, Erdogan says
Turkish President Recep Tayyip Erdogan said the Treasury would take over Istanbul-based Isbank, sending the private lender’s shares plunging. …
ITFC strengthens its partnership with NCB
The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, and the National Commerce Bank…
Islamic-Compliant Cryptocurrency Exchange Certified
Rain, had received a Shari’a compliance certification from Shariyah Review Bureau. SRB is licensed by the Central Bank of…