UAE Banks Federation adopts Customer Charter
The UAE Banks Federation has adopted a set of clear guidelines to provide bank customers in the UAE with the…
Regulation, Risk & Compliance
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Bank Muscat, AIG highlight economic challenges, opportunities
Bank Muscat, in association with American International Group, hosted a conference titled ‘Global Thinkers Paving Strategies in Economic Uncertainties’ at…
New solvency standards among updated regulations for UAE traditional and Islamic insurers
Detailed new rules published by the regulator will apply to both traditional and Islamic 'takaful' insurers. They cover technical provisions,…
Bahrain plans Islamic finance sector watchdog
The Central Bank of Bahrain (CBB) is drafting legal documentation to set up a sharia board of scholars that would…
Standard Chartered opens 120 vacancies in UAE
Standard Chartered bank is on a hiring spree, with over 120 vacancies in the UAE in 2015, according to Ruth…
Dentons advises on US$200 million Shariah-compliant syndicated facility to Ajman Bank
Dentons has advised a consortium of banks led by Islamic bank Al Hilal Bank , based in Abu Dhabi, on…
Key Islamic finance standards to be available online
Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) standards will be made available online through Thomson Reuters' range…
UAE Exchange applies for small bank licence in India
Deputy CEO says aim is to grow into fully-fledged bank later. UAE Exchange, a money transfer and foreign exchange…
Bahrain Begins Legal Process To Set Up Central Sharia Board
A country-level approach could help limit differences between products, speed the design of new products and boost investor confidence. …
Turkish state fund takes over Bank Asya’s management
On Tuesday, the Banking Regulation and Supervision Agency (BDDK) has decided to take over 63 percent of the bank's management…
AAOIFI Standards go digital with Thomson Reuters
In an unprecedented move in the development of the Islamic finance industry, the Accounting and Auditing Organisation for Islamic Financial…
UAE Insurance Authority issues regulations to traditional and Takaful insurers
H. E. Eng. Sultan bin Saeed Al Mansouri, UAE Minister of Economy and Chairman of the Insurance Authority said the…