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Global Sharia-compliant assets reach $1trnAn estimated $1 trillion worth of additional Sharia-compliant assets are scattered across segments like small savers, affluent wealth management, pension and retirement plans, Awqaf, infrastructure and trade finance, a top industry thinker has s More… |
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Omani Sharia-compliant services under focusTop Islamic banking experts will discuss opportunities for Omani banks interested in taking advantage of a recent Omani royal decree authorizing the establishment of Sharia-compliant services at an upcoming conference in Muscat. Inter More… |
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FTSE-DIFCI launch metal index seriesThe FTSE Group and Dubai International Financial Centre Investments (DIFCI) have launched the FTSE Physical Industrial Metals Index Series. It is the world's first Sharia-compliant physical industrial metals index series, providing inv More… |
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Sharia role for Bahraini SaudiBahraini Saudi Bank has rebranded itself as Bahraini Saudi as part of its transition to a fully Sharia-compliant Islamic bank. The move comes as a result of Al Salam Bank acquiring 90.31 per cent of its equity last year in a two-for-one sh More… |
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Al Salam launches unique vehicle financingAl Salam Bank-Bahrain, a leading Islamic bank in Bahrain, has launched a new vehicle financing service which will cover all brands and types of vehicles through a unique Shari'a-compliant scheme. The “Moteri” financing scheme would enable More… |
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Tameer now an Inovest subsidiaryAl Khaleej Development Company (Tameer) announced its official transformation into Inovest, a Bahraini-based Sharia-compliant investment company. Company vice-chairman and managing director Ahmed Rashid Al Qattan said the transformation co More… |
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Dubai Bank launches mobile banking serviceDubai Bank, a Dubai Group company, said its newly-launched interactive mobile service - the first in the UAE - is aimed at offering customers a unique and advanced level of convenience in conducting transactions through mobile phones. The More… |
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Sukuk market witnessing slumpThe sukuk market, which has doubled each year since 2004 and grown to $90 billion (Dh331 billion), is falling after a group of Islamic scholars decreed in February that most bonds ran afoul of religious rules, according to a report. Only More… |
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UAE mortgage market to top $17bn in 3 yearsSharia-compliant house financing will make up 60 per cent of the UAE's Dh64 billion ($17.43 billion) mortgage market over the next three years, a study said. The UAE's mortgage market is expected to reach Dh20 billion by the e More… |
Allianz Global plans Shariah equity fundsAllianz Global Investors has chosen Bahrain for its Middle Eastern office and is set to launch two Sharia-compliant equity funds for the region. Allianz Global Investors is the asset management arm of the Allianz Group, one of the world's More… |
