Tagged: MenaFN

UAE- Dream come true courtesy of Noor Islamic Bank

UAE- Dream come true courtesy of Noor Islamic Bank

<p>In September last year, Noor issued an invitation to the world to help shape the future of banking, with the launch of its Bank of the Future initiative, aimed at creating innovative ways of banking. As part of the initiative, Noor created an online Shape Your Bank competition to solicit people&rsquo;s expectations of banks in the future, with prize money of $20,000 for the best idea on enhancing the banking experience. Nurul Iksan from Malang, Indonesia, won the first prize in Noor&rsquo;s online competition. With the $20,000 in cash, plus an iPad he can begin pursuing some of his business ideas. He will use part of the money to open a fashion shop in nearby Bali. Iksan&rsquo;s suggestion was to introduce a family account that is held by the head of the family with supplementary cards and limited budgets assigned to all family members. Such a concept has not been implemented in the region yet.</p>
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<p><a href="http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/uaebusiness/2013/July/uaebusiness_July349.xml&amp;section=uaebusiness" title="http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/uaebusiness/2013/July/uaebusiness_July349.xml&amp;section=uaebusiness">http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/uaebusiness/2013/…</a></p>
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Saudi- Expert calls on women to invest frozen funds

Saudi- Expert calls on women to invest frozen funds

Azeemeh Zaheer, vice president at the London-based Gatehouse Bank, has called on Saudi businesswomen to invest funds that are kept frozen in banks. According to the expert, with the accumulation of wealth, globalization and openness, women have begun t…

KFH predicts Sukuk growth by 30 pct this year

KFH predicts Sukuk growth by 30 pct this year

According to a recent report by Kuwait Finance House (KFH), the Sukuk market is expected to grow by around 30 percent this year, and Sukuk issuance will grow by 20-30 percent. The Islamic capital market now stands aflush with more than US 230 billion i…

Saudi- Courses in Islamic finance needed

Saudi- Courses in Islamic finance needed

The main focus of Islamic Finance News Forum was the continuous rise of the Islamic capital markets in the Gulf region as well as worldwide. According to managing director and chief executive officer of Alinma Bank – Abdulmohsen A. Al-Fares – the Sukuk…