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Ijmal to build sharia-compliant real estate portfolioIjmal, 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 More… |
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BMI Offshore bank turns sharia-compliantSeychelles-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 More… |
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Ithmaar launches shariah-compliant prepaid e-cardIthmaar 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 More… |
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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 More… |
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KFH-Bahrain launches sharia-compliant credit cardKuwait 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, More… |
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DFM issues sukuk issuing standardsDubai Financial Market (DFM) has published the 'Standard for Issuing, Acquiring, and Trading Sukuk,' as part of its efforts to enhance the regulatory environment of Islamic finance and capital markets. More… |
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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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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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GBCorp names new department headBahrain-based Global Banking Corporation (GBCorp) has appointed Khalid Al Jaber as head of compliance. Al Jaber is a banking and finance specialist in Sharia-compliant banking with in-depth management and compliance expertise. Wit More… |
