Shoura Secretary-General Muhammed Al-Ghamdi said the proposed amendments to the mortgage law were approved with certain reservations. The house felt that certain wordings related to loans should be modified to express the right objectives and process o…
Kenya has ambitions of becoming the Islamic finance hub of East Africa and has the first mover advantage. But contrary to recent reports that Kenya may pass legislation to eliminate tax barriers to sukuk issuance by the end of the year, Islamic bankers…
Abu Dhabi Commercial Bank appointed Amr Saad Al Menhali as the new Head of Islamic Banking for the Bank.
In addition to his business role, Amr is also a nominated board member by ADCB for Abu Dhabi Finance (ADF) and Abu Dhabi Commercial Islamic Finance…
India may soon get its first foreign Islamic bank with the Reserve Bank of India (RBI) seeking government approval to allow Turkey’s Bank Asya to offer Shariah-compliant lending in the country. Bank Asya is keen to start its Indian operations through a…
The threshold limit required by Nakheel, the Dubai-based master Developer, to implement its restructuring proposal has almost been reached.
Under Nakheel’s restructuring proposal, trade creditors will receive repayment through 40 per cent cash and 60 p…
The last and final day of JEF 2011 included a prolific discussion on Islamic banking and finance with Sheikh Saleh Kamel, as a keynote speaker. Governor of SAGIA HE Amr Al Dabbagh shed light on what Saudi’s Investment plans for the next 5 years.
Sheikh…
Dubai Islamic Banks lawyers stated in their closing arguments in court that the loan facilities, which allegedly led to a $500 million fraud, would not have been given had it not been for the approval of two Pakistani former bank executives on trial.
T…
MICE given chance to unlock the gate The 396 bedroom Ibn Battuta Gate Hotel, Mövenpick Hotels & Resorts’ latest luxury business property in the UAE, is going to give trade visitors to the Gulf Incentive Business Travel & Meetings (GIBTM) Exhibition, a real incentive of their own – a chance to win a luxury apartment […]
Bahrain’s economy remains on target to reach 4.5 percent growth, as banking operations in the country return to normal.
Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa confirmed that the country’s economic outlook is bright despite recent events….
William Gates, Jr. and Warren Buffett landed in India to preach giving to India’s super-rich.
Their visit is part of their “Giving Pledge” campaign, which was launched last year to encourage the world’s wealthiest individuals to donate most of …
