The Council of Ministers, in its session held today, 12 December 2021, under the chairmanship of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz approved the budget for the fiscal year 2022, with...
Luxembourg and Qatar Agree to Cooperate in Islamic Finance and FinTech via Chronicle.lu – Luxembourg and Qatar Agree to Cooperate in Islamic Finance and FinTech.
Lessons from global economic crisis, Islamic capital markets, Middle East economic integration opportunities take top bill at Dubai event Caption: Mohammed Al Hashemi, President of the UAE Financial Markets Association. Some of the world’s foremost economic...
World economic experts gather in Dubai to debate question of how to seize opportunities of economic integration in Middle East. photo caption: Mohammed Al Hashemi, Chairman of the UAE Financial Markets Association. Key factors behind the...
Operating income continues to be stable at Ithmaar Bank at BD36.8 million, despite a significant compression of margins in overseas subsidiary due to a 300 basis points cut in benchmark profit rates. However, a net loss of BD2.8m was announced for the …
The Inland Revenue and Stamp Duty Legislation (Alternative Bond Schemes) (Amendment) Ordinance is a new piece of legislation, introduced in Hong Kong. This law, which puts the taxation of sukuk on a level footing with conventional bonds in Hong Kong, m…
Jaiz Bank is now targeting a national license from the Central Bank of Nigeria (CBN) after having grown its capital base from N5 billion when it started operations last year to about N10 billion. The capital increase will enable the bank to apply for N…
Jaiz Bank Plc has joined other commercial banks in processing of foreign exchange transactions. This allows the bank to process forex transactions for eligible bureau de change (BDC) operators at the Central Bank of Nigeria (CBN). The bank will reporte…
Citigroup is the third largest bond underwriter in the Gulf region this year, up from fourth a year earlier and 19th in 2011. It’s also the fourth-largest arranger of syndicated loans, up from 11th last year....
Jordan Islamic Bank began some time ago to develop a plan to provide alternative energy in its branches through the use of electric power generation using solar cells. The Bank seeks to disseminate to all branches and offices which achieves savings and…
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