The IFSB admits six organisations into its membership
The Council of the Islamic Financial Services Board has resolved to approve the admission of six organisations into the IFSB…
Regulation, Risk & Compliance
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Turkish bank operations in Russia to be excluded from Moscow sanctions
Turkish banks will be excluded from Russian sanctions, industry sources told Reuters on Monday, escaping a crackdown by Moscow that…
Arab Bank plc Financial Strength Rating affirmed by Capital Intelligence
Capital Intelligence (CI) has affirmed Arab Bank plc’s (AB) Financial Strength Rating (FSR) at ‘BBB+’. The FSR continues to be…
Expats told to close bank accounts before exit
The Interior Ministry has warned citizens and residents to be careful with their bank accounts by not allowing anyone to…
AAOIFI appoints members of its new technical boards after extensive selection process, from amongst 180 nominations from 37 countries
Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has announced formation of its new technical boards and the names…
Immediate Islamic financing gap for SMEs up to $13bn in Mena
The Istanbul-based World Bank Global Islamic Finance Development Center together with the Islamic Development Bank is stepping up its initiatives…
CBB go-ahead for Bank of Khartoum
Bank of Khartoum has got a licence to open a branch in Bahrain. A statement by the Central Bank…
World Islamic Banking Conference gathers global Islamic financial ecosystem in Bahrain
His Royal Highness Prince Khalifa bin Salman Al Khalifa, the Prime Minister has deputized H.E Rasheed Al Maraj, the Governor…
Foreign direct investment becomes a priority for the UAE
In spite of the region’s attractive markets, foreign investment in the UAE has been slowed by certain local regulations. …
Qatar c.bank sells fewer T-bills than planned, yield rises
The Qatari central bank again sold fewer Treasury bills than planned at its monthly auction on Tuesday in what bankers…
Bank of Khartoum wins nod for Bahrain branch
The Central Bank of Bahrain has granted a license to Sudan's Bank of Khartoum, to open a branch in Bahrain.…
SICO announces changes to its regional fund portfolio
Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today the…