BMFN Expands UAE Presence with Local Partnership with Noor Capital
The United Arab Emirates continues to position itself as a preferred destination for financial brokers who are looking to…
Regulation, Risk & Compliance
8931 articles found
Saudi Central Bank Says May Cap Consumer Lending, Limits Fees
Saudi Arabia’s central bank has published new consumer lending regulations which give it the power to cap retail lending at…
Saudi stock market regulator fines seven companies for disclosure violations
Saudi Arabia’s stock market regulator has levied heavy fines on seven companies for a range of disclosure failings. They…
UAE ID required in bank clients’ records
It highlights the need of using the UAE ID card in individual customers’ transactions as an official proof of identity…
New screening service tackles sukuk compliance hurdles
A new screening method for sukuk (Islamic bonds), developed in cooperation with Saudi Arabian financial institutions, aims to reduce the…
Clifford Chance reviews DIFC Court ruling against Bank Sarasin
In a detailed commentary, law firm Clifford Chance reviews what this ruling means for regulated firms in the DIFC. The…
Turkey's Biggest State Bank Applies to Found Islamic Bank
Turkey's largest state-run lender, Ziraat Bank, applied to Turkey's banking watchdog on Friday to establish its own interest-free Islamic bank.…
Central bank asks banks to block cards on suspicion of data theft
The Central Bank of the UAE on Tuesday asked a few banks operating in the country to block the usage…
Faisal Bank gets to grips with Islamic risks
As demand for Islamic banking services continues to rise, Faisal Islamic Bank of Egypt has overhauled its risk management to…
Saudi Arabia's bourse hits new six-year closing high
Saudi Arabia's bourse, encouraged by the prospect of opening up to direct foreign investment, resumed its uptrend on Tuesday on…
Turkish assets firm on EU easing hopes
Turkish assets firmed yesterday one day before the central bank in Ankara holds an interest-rate-setting meeting and with investors expecting…
Ziraat To Found Own Participation Bank
Turkey's state-owned Ziraat Bank terminated the negotiations with Bank Asya, an Islamic lender known for its close ties with the…