DIFC favours single Sharia board for all institutions
The DIFC is considering creating a single centralised Sharia board for the DIFC, in order to widen the acceptability of…
Regulation, Risk & Compliance
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DFM driven down as fund managers cite ‘violation of margin regulations’
Fund managers blasted at stock-brokers for what they saw as exceeding distribution of leverage to clients after Dubai’s shares declined…
ALEXBANK to Implement FATCA First of July
ALEXBANK announced that it will start applying the U.S Foreign Account Tax Compliance Act known as FATCA beginning of July1st.…
Israel: Stress test finds Israel banking system stability safe from recession
There is no danger to the stability of Israel's banking system should there be a severe recession, although the hit…
Kuwait Cbank Approves Final Format Of Basel III Standard
Governor of the Central Bank of Kuwait (CBK) Dr Mohammad Al-Hashel announced that CBK’s Board of Directors approved on Tuesday,…
CBB and BBS hold periodic consultative meeting
The Central Bank of Bahrain (CBB) and Bahrain Bankers Society (BBS) held their periodic consultative meeting to follow up on…
Malta: An ideal match for Shariah-compliant investments
Speaking at the latest educational clinic on Shariah-compliant funds organised by FinanceMalta on June 24th in collaboration with the Malta…
UAE Central Bank says blank cheque guarantees for banks illegal
A senior official at the UAE Central Bank on Wednesday confirmed that it is illegal to obtain blank cheques as…
HSBC Bank Oman appoints Chief Risk Officer
HSBC Bank Oman has announced that Sulaiman bin Said Al Lamki has been appointed as Chief Risk Officer. Supporting the…
National Bonds Corp appoints new Sharia Supervisory board members
The Sharia board will also review and evaluate the NBC’s contracts, agreements, policies, yearly reports, financial reports, as well as…
Mena task force lauds Qatar’s measures in anti-money laundering
Qatar has said it is committed to the highest standards of anti-money laundering and combating the financing of terrorism (AML/CFT)…
Sukuk will feature in liquidity guidance given to Islamic banks -IFSB
The Malaysia-based Islamic Financial Services Board (IFSB) will issue draft guidance by year-end on how Islamic banks, which face a…