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…
Regulation, Risk & Compliance
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Cooperation will drive growth of FinTech
Cooperation, not competition, will drive FinTech growth in the traditional and Islamic sectors, according to industry specialists at the Global…
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…
BIBF explains benefits of Chartered Financial Analyst qualification
The Bahrain Institute of Banking and Finance worked with the CFA Society Bahrain to host an open house focusing on…
Saudi Arabia Said to Weigh Easing Restrictions on Foreign Banks
Saudi Arabia is exploring the possibility of granting more licenses to foreign banks and easing restrictions on their operations to…
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…
Falcon Bank says will focus elsewhere after losing Singapore licence
SWISS private bank Falcon Bank said in a statement on Tuesday morning that although the Monetary Authority of Singapore's withdrawal…
Kuwait postpones $10 billion bond issue until 2017
Kuwait has delayed a sovereign bond issue of up to $10 billion until next year after deciding it is in…
GCC growth & sustainability depends on fiscal, monetary policy alignment & action
The World Bank-IMF Annual Meeting was held at Washington DC, USA, during the weekend and I witnessed active participation areas…
Qatar launches campaign to educate laborers on new laws
Qatar has launched a campaign to educate its large population of foreign workers about its new labor laws. The two-month…
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…