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…
Regulation, Risk & Compliance
8959 articles found
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…
Bahrain’s GFH completes capital reduction plan, cuts losses
It had received approval from the Bahraini authorities for the step, which reduces the nominal value of its shares by…
Qatar moves to increase business regulation
Qatar has approved draft legislation that increases the regulatory burden on small businesses, weeks after the Gulf state fell 11…
FAAIF Introduces the Dubai World Islamic Finance Arbitration Center in Europe
Camille Paldi, CEO of FAAIF introduces a proposal for a dispute resolution mechanism for the Islamic finance industry, namely, DWIFAC,…
Qatar moves to increase business regulation
Qatar has approved draft legislation that increases the regulatory burden on small businesses, weeks after the Gulf state fell 11…
Commercial Bank of Kuwait appoints Mahfouz as CEO
Kuwait's Central Bank has approved the appointment of Elham Yousri Mahfouz as chief executive officer of Commercial Bank of Kuwait,…
Kuwait Central Bank: No Restrictions On Foreign Derivatives Trading
Kuwaiti banks must comply with regulatory guidelines when trading derivatives but are not otherwise restricted from doing so, the central…
Iraq Islamic banks held back by lack of regulation-experts
Islamic banking operations account for 1.5% of total assets of Iraqi banks and could rise to 6% in the next…
RAK Free Zone Commits To Share Tax Info
The Ministry of Finance of the United Arab Emirates (UAE) announced that it recently signed a memorandum of understanding (MoU)…