In order to help low-income Muslims who otherwise can’t borrow money because of religious reasons, a state Islamic organisation is offering interest-free loans to them. Despite of the fact that charging or paying interest for loans is banned under Isla…
Central Bank of Kuwait (CBK) Governor Sheikh Salem Abdelaziz Al-Sabah stated that the planned single Arabian Gulf currency is a goal, rather than a hope. He also underlined the fact that key steps would be taken ahead of the issuance of the Gulf curren…
His Highness Shaikh Mohammed bin Rashid Al Maktoum has appointed Shaikh Ahmed bin Saeed Al Maktoum as the chairman of Emirates NBD, and Shaikh Ahmed bin Mohammed bin Rashid Al Maktoum as the chairman of Noor Islamic Bank.
Shaikh Ahmed replaced Ahmed Hu…
Compared to the pre-crisis period, when the clients were more heavily focused on chasing returns, now the demand is for advisers to help HNW clients to manage the complex mix of goals, primarily wealth preservation.
The World Wealth Report observed tha…
The Islamic Corporation for the Development of the Private Sector (ICD) is currently engaged in challenging issues related to the financing of small and medium enterprises (SMEs), and projects providing food security and housing among member countries….
Because of the recent launch by Bank Negara Malaysia of its new Islamic monetary management instrument, the Bank Negara Monetary Notes-Istithmar (BNMN-Istithmar), the attention of the global Islamic capital market is once again on Malaysia.
It seems th…
Delegates from more than 60 countries are gathering in Jeddah over the next few days for the 36th annual meeting of the board of governors of the Islamic Development Bank (IDB) Group, which will take place on June 29-30.
The place of the meeting was ch…
Bank of London and the Middle East (BLME) will launch the BLME High Yield Fund. The BLME High Yield Fund is a Sharia compliant fund which targets institutional and high net worth investors in Gulf countries seeking to generate higher returns than those…
Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, has assigned Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum as the new chairman of the board of directors of Noor Islamic Bank.
On the other side, Sheikh Mohammed app…
ALAFCO announced a $2.7 billion deal to buy 30 Airbus A320neo.
The aircraft leasing firm signed a Memorandum of Understanding (MoU) at the 49th Paris Air Show in Le Bourget.
ALAFCO already ordered 26 A320s of which 25 have been delivered. Including thi…
