Sunday 30 August 2015
 
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Sharia

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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New Finance selects SRB to oversee operations

New Finance, a Kazakhstan-based Islamic microfinance company, said it has selected Bahrain-based Sharia Review Bureau (SRB) to transform, certify and oversee a number of its sharia-compliant product and operations. As a sharia adv

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Itqan, Mubasher to set up sharia-compliant brokerage firm


Itqan Capital, a Saudi Arabia-based investment company licensed by the Capital Market Authority (CMA) and a member of Al Baraka Banking Group, and Mubasher Financial Services, a leading financial institution in the Middle East, have signed a dea

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Itqan to add brokerage, PE fund to services

Saudi Arabia's Itqan Capital, an Islamic investment firm, plans to develop a sharia-compliant brokerage arm and is nearing the launch of a $200 million education private equity fund, its chief executive told Reuters. Investmen

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Sharia-compliant dispute resolution mechanism 'vital'

A leading Islamic finance expert has called for the creation of a Sharia-compliant dispute resolution mechanism at the global level with participation from all countries active in Islamic finance. According to Malaysia-based Islam

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KFH-Bahrain launches sharia-compliant credit card

Kuwait Finance House - Bahrain has launched "Visa Signature", a sharia-compliant credit card. It was launched after comprehensive study and research to identify the financial needs and lifestyles of KFH-Bahrain clients,

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