DIB and Dubai eGovernment partner to provide easy online payment solution
Dubai Islamic Bank, or DIB, and Dubai eGovernment have partnered to provide customers an easy online payment solution. Using Al…
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Oasis Group's CEO outlines expansion strategy
Cape Town-based Oasis Group Holdings is the pioneer of Shariah-compliant asset management, retirement and investment fund products - both equity…
Deposit guarantee may stay longer
The UAE government is considering extending a three-year decision to guarantee bank deposits introduced just after the eruption of the…
Oman launches Corporate Governance Excellence Award Competition 2011
After the success of the last year Corporate Governance Excellence Award Competition, 2010 and the positive responses Oman Centre for…
Maqams KIB appointment gets cenbank nod
Kuwait International Bank announced the official approval of Central Bank of Kuwait on appointing Loay Fadhil Maqams in the position…
Sovereign wealth fund over mega bank?
At this year's NBAD's Global Financial Markets Islamic Forum in Abu Dhabi, I was requested to make a presentation on…
KFH dismisses dealing in financial derivatives
The Kuwait Finance House (KFH) on Saturday categorically denied reports about the bank's alleged dealing in financial derivatives. "KFH is…
HSBC Saudi rolls out new commodity fund
Global banking giant HSBC said its Saudi unit has launched a new open-ended Shariah compliant fund - HSBC Amanah Commodity…
HSBC lifts gold price forecast
HSBC and metals consultancy GFMS both said they see gold rising above $2,000 an ounce, citing high government debt levels…
UAE, Turkey discuss trade development
Obaid Humaid Al Tayer, Minister of State for Financial Affairs, yesterday met with Ali Babacan, Deputy Prime Minister of Turkey.…
Tapping Islamic funds
The 7th annual World Islamic Funds and Financial Markets Conference (WIFFMC 2011) will feature critical discussions on strengthening the Islamic…
Temasek, KIA Said Among Investors in Citic Securities Sale
Temasek Holdings Pte and Kuwait Investment Authority are among early investors who agreed to buy $900 million of stock in…