Turkey has potential but needs reforms for Islamic insurance
Turkey remains a high-potential market for Islamic insurance, but the country needs to implement certain reforms and regulations before it…
Regulation, Risk & Compliance
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Islamic Insurance Leaders Tackle Scale and Profitability Challenges at the 3rd Annual Middle East Takaful Forum
The 3rd Annual Middle East Takaful Forum (METF 2014) brought together more than 200 key regulators and industry decision-makers for…
Saudi Debt Law No Lure for Wary Investors
A lack of transparency could yet derail Riyadh's plan to open kingdom's debt capital market to foreigners. Saudi Arabia’s…
GFH to appeal against Kuwait bourse order
Gulf Finance House (GFH), Bahrain-based Islamic investment bank, yesterday said it will file an appeal against the suspension of trading…
Qatar: Plan to insure bank deposits from next year
Authorities are mulling ways to insure bank deposits against risks of loss and provide protection to other investors. The…
Kuwait suspends trading in GFH shares over Leeds Utd sale
Kuwait’s market regulator has suspended trading in shares of Gulf Finance House over the non-disclosure of the intended sale of…
Investcorp announces succession planning
Following Nemir Kirdar’s decision to retire as Executive Chairman and CEO at the end of the current fiscal year on…
Israeli tax ruling for tech companies solves OECD issues
The Israel Tax Authority has just published a tax ruling showing how software companies can qualify for preferred enterprise tax…
Oman Sets Up Central Sharia Board To Boost Islamic Finance
Oman’s central bank has set up a sharia supervisory board to help oversee the sultanate’s Islamic banking industry, a centralised…
Dubai Financial Regulator Seeks To Wind-Up Local Arm Of Espirito Santo
Dubai’s financial regulator is seeking court approval to wind up the local arm of Portuguese financial group Espirito Santo, the…
Clifford Chance advises on the Republic of South Africa's inaugural USD500m sukuk issuance
Clifford Chance has advised BNP Paribas, Standard Bank Plc and Kuwait Finance House Investment Co. K.S.S.C. as structuring banks and…
China to expand bank operations in Qatar
China is looking to further expand its banking operations in Qatar. The Industrial and Commercial Bank of China (ICBC), which…