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…
Regulation, Risk & Compliance
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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…
National Bank of Fujairah launches NBF Islamic
National Bank of Fujairah (NBF) PJSC today announced the launch of NBF Islamic, a service proposition that seeks to provide…
Dubai flexes legal muscles as financial court system grows
A landmark ruling by the court system in Dubai's financial free zone suggests the emirate is starting to influence the…
Central Bank of Oman selects five members to national Sharia board
The board of directors of Central Bank of Oman (CBO) yesterday decided to select five members to represent the apex…
Time For Islamic Law to Face The Bitcoin Question
Islamic finance is well-known as a world full of rules and prohibitions that seem strange and foreign to western scholars.…
Dubai to introduce new measures to ensure broker transparency
New measures are being introduced in Dubai next year to make sure hundreds of new real estate brokers are monitored.…
Saudi could see budget deficit next year, risks draining reserves -IMF
Saudi Arabia's state finances could fall into the red next year and the country could start running down its huge…
Bahrain leads the GCC pack in Islamic finance
For the second year in a row, Bahrain has been named the Gulf Cooperation Council (GCC) countries leading Islamic finance…
UAE appoints Mubarak al-Mansouri as new c.bank governor
Mubarak Rashid al-Mansouri, an investment fund chief picked on Monday as the United Arab Emirates' (UAE) new central bank governor,…