New opportunities open for Islamic banking in Bahrain
With a strong and well established financial services sector, Bahrain’s role in expanding the global reach of sharia-compliant financing looks…
Regulation, Risk & Compliance
8931 articles found
HSBC to refund UAE, Bahrain, Oman customers for excessive fees
HSBC will refund customers across five countries in the Middle East and North Africa for charging them excessive foreign currency…
Investors respond positively to sukuk bond in Dubai, Abu Dhabi
Investors conferences on sukuk bonds were held on Monday with the inaugural conference held in Abu Dhabi in the morning…
UAE banks close to resolving credit bureau liability issue
Authorities see the recently-opened Al Etihad Credit Bureau as a safeguard against a repeat of the credit bubble that undermined…
Israeli Beneficiaries Subject to New Tax
For the first time, U.S. (and other) foreign trusts with Israeli beneficiaries will be liable for a substantial income tax.…
Israel’s Bank Leumi Boosts Provisions for U.S. Tax Probe
Bank Leumi Le-Israel Ltd. said it’s setting aside more cash to cover the costs of an investigation by New York’s…
Bahrain offers one of the GCC's lowest operating cost environments for the financial services sector
A new report released by KPMG concludes that Bahrain has one of the lowest costs of operating a financial services…
UAE banks close to resolving credit bureau liability issue
Banks in the United Arab Emirates are close to resolving a liability issue over information provided by the Gulf Arab…
Identity crisis for Islamic finance
Islamic finance is flourishing as corporate and retail demand booms, but some question whether the industry is abandoning the values…
Asian bankers call for focus on complementary role
The thirty-first Asian Bankers Association (ABA) general meeting and conference hosted by Bank Muscat, the leading financial services provider in…
UAE launches money-laundering crackdown
United Arab Emirates banks have been banned from doing business with some Islamist groups including the Muslim Brotherhood, their representative…
Islamic finance body AAOIFI to revise four standards, eyes sukuk
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will revise four of its standards in the first…