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SRB to oversee UK firm’s shari’a compliance driveBahrain-based Shariyah Review Bureau (SRB) has been signed up to supervise the shari’a compliance process of UK-based SCS Farmland’s investment programme. The shari’a advisory firm will work with the company to s More… |
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Malaysia offers new Islamic standard equitiesNew Malaysian standards for sharia-compliant equities are expected to attract more Islamic investment funds from the Gulf, a senior official of the country's Securities Commission said. A revised list of Malaysian equities tha More… |
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Dubai moots Islamic savings scheme for UAE expatsDubai has proposed to the federal government of the UAE that the country create a sharia-compliant retirement savings scheme for foreign workers, a step which could help to develop the Islamic funds industry. The aim is that the s More… |
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Ducab adopts sharia-compliant hedgingDucab, a leading manufacturer of high-quality power cables and wires in the Middle East, is set to convert its conventional metals hedging practices into Islamic structures. The initiative, taken under the guidance from its board, More… |
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Oman Development Bank considers Islamic windowOman Development Bank (ODB) is considering the launch of an Islamic window to offer sharia-compliant products to small and medium-sized firms, an executive said. In December, Oman became the last country in the six-member Gulf Coo More… |
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India agrees non-bank Islamic finance firmIndia's central bank has allowed a firm in the southern state of Kerala to operate as a non-banking financial company (NBFC) that follows Islamic principles - a small step towards developing sharia-compliant finance in the country. More… |
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Mashreq wins 3 top awardsMashreq, a leading financial institution in the UAE, has been recongnised for its retail, technology and Islamic operations at the Banker Middle East Industry Awards 2013, held in Dubai recently. The bank’s retail operation More… |
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NBC supports HR summitNational Bonds Corporation, a leader in Sharia compliant saving and investments schemes in the UAE, has confirmed support to the Gov HR Summit to be held in Abu Dhabi in September. The summit, set to take place from September 22 a More… |
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Prepaid card market set for expansion in BahrainThe prepaid card market, fuelled by a preference for Islamic banking, is growing rapidly in Bahrain, a report said, adding that it is expected to see a compounded annual growth rate of 17.27 per cent by 2017. Domestic card More… |
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Sharia funds 'offering key certification'Saudi Arabia-based investment firm Sedco Capital has announced the first-ever Sharia-compliant funds with certifications on adherence to environmental, social and governance (ESG) principles. "The Sedco Capital US Equities Fu More… |
