Shariyah Review Bureau and Ahmad Lootah & Associates will cooperate in future in order to better serve the growing demands of UAE clients that are seeking advisory on sharia investments. The strategic relationship marks the commitment of both compa…
Kuwait’s The Investment Dar (TID) continues negotiations of the repayment to its creditors in its B-claim group that was due in June but TID missed the deadline for their repayment. The company declined the claim of creditors for an independent advis…
SAUDI Hollandi Bank had emitted a sukuk in value of SR1.4 billion ($373.3 million) with a maturity period of seven years, but it can be redeemed by issuer already after the end of the fifth year. The aim of the issuance is mainly focused on developing …
The International Monetary Fund claims, the political instability as well as the stability of state institutions in Egypt could delay the financial injection in value of $4.8bn loan from the fund.
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Western Union and Saudi lender Bank Albilad have signed an agreement to launch Western Union’s Account-Based Money Transfer (ABMT) service in the Kingdom of Saudi Arabia.
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http://www.ameinfo.com…
World Bank has published a new book concerning Takaful and Mutual Insurance. The book shall increase the understanding, appreciation, and discussion of the challenges and solutions which concern development and implementation of takaful.
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Sharia banking soars in several countries including Indonesia with 191 operating sharia banks. Between 2007 and 2011, the sharia banking sector has achieved an average growth-rate of 40.2 percent per annum. Even thought the potential of sharia banking …
The State of Kuwait belongs to the three largest trading partner of the United Kingdom in the Gulf region with a trade exchange between of about 3.59 billion U.S. dollars. In order to strengthen bilateral relations, the Amir of Kuwait has made a visit …
KPMG and ACCA report underlines the necessity of the harmonization of the financial reporting and tighter cooperation of Islamic banks with the International Accounting Standards Board in order to develop guidance, standards and educate the investor co…
Kuwait Finance House has informed its shareholders about the planned raising of the share capital by 20 pct . This move should help KFH to maintain stable ratings, improve capital ratios and boost fund expansion.
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