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…
Regulation, Risk & Compliance
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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…
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…
Corpbank looks to Oman for restructuring
The majority owner of Bulgaria’s troubled Corporate Commercial Bank (Corpbank) said yesterday it was working with Oman’s sovereign wealth fund…
Bank funding no longer a function of liquidity alone
The context of the Middle Eastern debt market, bank lending has been a dominant component. The debt issuances, to date…
Germany-Israel Update Double Tax Arrangements
Israeli Finance Minister Yair Lapid and his German counterpart, Wolfgang Schäuble, signed a revised German-Israeli double taxation agreement in Berlin…