IMF sees gaps limiting growth of Islamic banking
Islamic banks have yet to devise strategies for attracting large swathes of the global Muslim population, limiting the industry’s prospects,…
Regulation, Risk & Compliance
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Kuwait's Investment Dar confident about debt-for-assets deal
Kuwait's Investment Dar remains on track to agree the bulk of a 813 million dinar ($2.8 billion) debt restructuring plan…
Threefold rise in cyber security business expected in Arabian Gulf region
The consultancy KPMG expects its cyber security business to grow nearly threefold over the coming years in the Arabian Gulf…
Takaful Insurance Law to help economic recovery of Oman
To meet the demands of nationals, the State Council has approved the draft Takaful Insurance Law, said a top State…
GFMF 2015 to discuss world economy challenges and opportunities
The seventh Global Financial Markets Forum, the annual conference organised by the National Bank of Abu Dhabi, will discuss major…
UAE banks to comply with Fatca before deadline
The UAE’s financial institutes are set to comply with the US’s Foreign Account Tax Compliance Act (Fatca) before the deadline…
The Gulf Bond and Sukuk Association Endorses Terms for Collective Action Clauses for Middle East Sovereign Bonds
The Gulf Bond and Sukuk Association (GBSA), the trade association representing the Arabian Gulf fixed income market, has endorsed proposed…
Abu Dhabi Islamic Bank plans subordinated sukuk in Malaysia
Abu Dhabi Islamic Bank, the emirate's largest sharia-compliant bank, plans to issue capital-boosting Islamic bonds in Malaysia, its first foray…
G20 vow to promote growth but rifts remain
The world’s top 20 economies on Tuesday agreed to take steps to promote global growth but struggled to overcome rifts…
Shuaa Capital unit eyes Saudi leasing market with new licence
Gulf Finance Corp, a wholly owned subsidiary of Dubai's Shuaa Capital, will offer sharia-compliant leasing products in the Saudi Arabian…
Abu Dhabi Global Market draft rules reviewed by King & Spalding Middle East & Islamic Finance Group
The stated aim of the Real Property Regulations is to reflect a modified “torrens”- type real property registration regime for…
The real ‘housewives’ of HSBC
It was just a day in the life of a housewife. Hanne Tox, a Danish woman then 57 years…