Final approval for takaful law expected soon; industry constitutes 6% in total business
A final approval for the draft takaful or Islamic insurance regulation, which was cleared by the State Council in February,…
Regulation, Risk & Compliance
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Abu Dhabi ruler issues law to regulate property market
Abu Dhabi's ruler has issued a decree to regulate and improve transparency in the emirate's real estate sector, requiring brokers…
Qatar Financial Centre Authority appoints new CEO
The Qatar Financial Centre (QFC) Authority has announced the appointment of Yousuf Al-Jaida as Chief Executive Officer, effective from 1st…
Russia, Qatar could lose World Cups: FIFA official
Russia and Qatar could lose the right to host the 2018 and 2022 FIFA World Cups if evidence is found…
Amended law means more central bank responsibilities
UAE officials are discussing changes to the country’s banking law, which would give the central bank a role in determining…
Lebanon's C.bank governor says hopes govt can issue more dollar debt this year
Lebanon's central bank governor said on Tuesday he hoped the country would be able to issue more dollar-denominated debt this…
Foreign Investors Take Wait-and-See Approach to Saudi Market
The much anticipated opening of Saudi Arabia’s $590 billion stock market to foreign investors next week may start with more…
UAE may give Central Bank role in setting monetary policy
The governor of the Central Bank says the Government is working to allow the lender of last resort to control…
Egypt's Industry seeks Supreme Council to supervise Egyptian-African Ties
This step comes within the frameworks of the general plan outlined by the state to enhance cooperation with African countries.…
IIRA Assigns Fiduciary Ratings to AlBaraka Bank Egypt
Islamic International Rating Agency has assigned an international scale rating of 'B-/B' (Single B Minus / Single B) and national…
Global tax issues to impact GCC businesses
In November 2014 the WikiLeaks scandal known as “LuxLeaks”, the large scale exposure of over 340 companies (such as IKEA,…
Singapore to boost Islamic finance regime
WITH cross-border Islamic finance set to grow further, Singapore's central bank will continue to strengthen its Islamic finance regime and…