Thursday 26 May 2016
 
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Sharia

UAE to create central Islamic finance authority

The United Arab Emirates' cabinet has approved the creation of a centralised sharia authority that will monitor and set standards for Islamic finance in the country, aiming to boost growth of the industry. The authority, to be

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Takaful, Takaud partner for Sharia-compliant solutions

Takaud, a top savings solutions provider, and Takaful International, Bahrain’s leading Islamic insurance company, have partnered to provide Takaful’s individual and corporate life insurance clients with innovative Sharia-compliant in

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Push for sharia standard on gold in Bahrain

A new sharia standard on gold, including rulings for gold-based financial products, will be developed under a new initiative by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). A statement by the Bahrain-ba

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Bahrain cbank aims for centralised sharia board

Bahrain's financial regulator plans to establish by the end of this year a central sharia board of scholars that will oversee the kingdom's Islamic finance sector, a central bank official said.   The boar

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WIBC to launch Islamic finance HR report

The World Islamic Banking Conference (WIBC) 2015 set to take place in December in Bahrain will launch a critical report establishing a set of global “Millennium Goals” for the Islamic finance human capital segment. The

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Abu Dhabi launches Sharia Park upgrading project

The Abu Dhabi City Municipality has launched a public tender for developing, investing and managing Sharia Park in Abu Dhabi, UAE, according to a report.   The project is part of the municipal system's commit

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Ijmal to build sharia-compliant real estate portfolio

Ijmal, a leading real estate investment flagship of Saudi Arabia, has hired Shariyah Review Bureau (SRB), to help achieve sharia compliance in all its business activities.    In this role, SRB will lead and

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Seychelles Bank to become Sharia-compliant

Seychelles-based BMI Offshore Bank (BMIO), of which BMI Bank Bahrain owns 50 per cent, plans to convert into a Sharia-compliant bank. This follows a visit to Seychelles by a delegation from BMI Bank, a subsidiary of Al Salam Bank-Bahrai

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BMI Offshore bank turns sharia-compliant

Seychelles-based BMI Offshore Bank (BMIO), partly owned by BMI Bank Bahrain, is being converted into a sharia-compliant bank, it has emerged. This follows a visit to Seychelles by a delegation from BMI Bank, a subsidiary of Al Salam Bank-Bahra

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Ithmaar launches shariah-compliant prepaid e-card

Ithmaar Bank, a Bahrain-based Islamic retail bank, has launched a new sharia-compliant prepaid e-Card. A statement said the card is ‘designed to provide customers a faster, safer and more convenient online shopping experienc

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