Islamic finance body picks up pace with new standards
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions has issued two new shariah standards, revised three others and…
Regulation, Risk & Compliance
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Seychelles Central Bank takes control of beleaguered Bank of Muscat International Offshore
Scarcely three weeks after the announcement that relations between the Bank of Muscat International Offshore (BMIO) and its correspondent bank…
QIB adds new security feature
To provide customers with world-class services along with the latest security features, Qatar Islamic Bank (QIB) has announced a new…
Kroll appoints new MD for financial investigations team based in Dubai
Kroll has announced the appointment of John Tudorovic as managing director and head of its financial investigations team in Dubai. …
Saudi Arabia to introduce credit rating agency rules in Sept 2015
Saudi Arabia's capital market regulator will introduce rules for credit rating agencies next September, part of reforms aimed at modernising…
Standard Life to pull out of the Middle East
Standard Life is to pull out of the Middle East and close its office in Dubai after being caught out…
Eureeca Crowdfunding Platform Hit with SEC Cease & Desist for Solicitation Violations
Eureeca, a Dubai based investment crowdfunding platform, ran afoul of the Securities and Exchange Commission as a Cease and Desist…
‘Smart Wallet’ tops UAE Banks Federation agenda
The Board of Directors of the UAE Banks Federation, a professional body representing 49 member banks operating in the UAE,…
Ziraat Bank’s New York branch quits retail banking after FED pressure
Turkey's state-run Ziraat Bankası New York branch, which has been subjected to strict US Federal Reserve (Fed) inspections over accusations…
New Central Bank chief ‘will not affect’ financial system debate
The appointment of a new Central Bank governor will not affect an upcoming FNC debate on the UAE’s banking system,…
Tax data demand risk to bank secrecy
A leading banker warned Thursday that some of the proposed laws on the exchange of tax information could pose a…
Forum explores Turkey’s growing Islamic finance sector
Domestic and international bankers convened at the IFN Turkey Forum 2014 in İstanbul on Thursday to discuss Turkey's growing Islamic…