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BMI names new head of wholesale bankingBMI Bank (BMI), a leading Bahrain-based retail and commercial banking institution, has promoted Fathi Ebrahim to the position of head of wholesale banking. Fathi, who was earlier responsible to manage the bank’s Islamic financial services More… |
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AAOIFI to hold Shari’a conferenceAccounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will convene its Annual Shari’a Conference on May 18 and 19 in Bahrain, under the auspices of Central Bank of Bahrain. Set to be held at the Sheraton Bahrain More… |
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Accounting standard for Islamic firms revisedAccounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has revised its accounting standard on investment. The revision relates to accounting treatment for unrealised losses resulting from re-measurements at fair v More… |
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CBB launches key Islamic financial instrumentThe Central Bank of Bahrain (CBB) is set to launch a key Islamic financial instrument aimed at providing a much-needed liquidity management tool to Islamic financial institutions. The Islamic Sukuk Liquidity Instrument (Isli) has been join More… |
