The conference titled „Arab Youth & Entrepreneurship: Holistic Approaches to Nurturing Local Ecosystems“, which will take place on February 16-18, 2013 in Doha, Qatar, will focus on creating economic opportunities for young people in the Middle Eas…
Oman is the last of the six-nation Gulf Cooperation Council to introduce Islamic banking, thus being able to encourage the development of sharia scholars. The highly detailed rules for the Islamic banking sector include the plan to enlarge the pool of …
The Al Hilal Islamic Banking services launched their first branches that provide Islamic banking products and services. The chairman Hamdan bin Ali bin Nasser al Hinai said the goal of the new services is to meet the needs of all customers in terms of truth, transparency and being fully sharia compliant as the integration of ethical and moral values with the banking operations is a unique and salient characteristic of Islamic banking.
An implemented independent Sharia Supervisory Board has the power to audit all contracts and transactions, give opinion and guidance and the bank´s management shall strictly follow the guidelines outlined by the board.
Shaikh Aflah bin Ahmed bin Hamad al Khalili, member of the Sharia Supervisory Board of the bank said that the products on offer will contribute to the efforts made by the Sultanate´s government to enhance the role played by Islamic banking in achieving sustainable development as well as more progress and prosperity for the Omani people.
Bahrain’s Al Salam Bank confirmed media reports related to a potential merger with an unnamed regional bank. One potential merger prospect is Khaleeji Commercial Bank , after Gulf Finance House, which owns 47 percent of the lender, said last week it wa…
Gulf Finance House (GFH) has issued a statement denying the suspension of the firm’s Acting CEO Hisham Alrayes. GFH clarified that its ex-CEO Mr Ted Pretty and Ex-Deputy CEO Mr Mohd Al Nusu were suspended for a period of three months. Both have already resigned from the company. According to the statment, the CMA had not imposed any financial penalty on the firm.
Bank Islam Malaysia today confirmed that the suspension of its chief economist Azrul Azwar Ahmad Tajudin was due to his prediction of the results of Election 2013. The bank’s current policy is to suspend its staff if they engage in political activity or make political comments. According to a statement, any staff irrespective of their position, who has breached the Bank’s internal policy, will be suspended with full pay, to facilitate investigation.
BankIslami Pakistan Limited on Tuesday joined the Global Trade Finance Programme, which promotes trade in emerging markets by supporting the flow of goods and services. The programme was established by the International Finance Corporation (IFC), who will support BankIslami’s trade finance business by providing partial or full guarantees for individual trade transactions. Since the trade finance programme’s inception in Pakistan in 2006, IFC has provided more than 3,500 guarantees worth $1.74 billion to financial institutions.
The Islamic Bank of Britain (IBB) launches a rent only plan, that means a variable rental rate product which is available to landlords of any faith with a deposit of 35 per cent and at a rental rate of 5.49 per cent. The plan offers financing between £30,000 and £500,000 on a minimum property value of £90,000. According to IBB head of sales and services Imran Pasha, there is a growing demand from landlords for Sharia compliant property finance.
Big local bank looking for a Credit expert to work in Credit Review and Policy on the corporate side.
Candidates must:
– Have 5-8 years experience working for reputable institutions
– Good experience and understanding of Islamic Banking
– Have experie…
The Credit documentation position sits within Credit administration.
The candidate should:
– Have at least 3 years experience working within documentation in banking
– Have experience facilitating and processing insurance, mortgage documents etc.
– Ha…
