Tagged: Sultan Bin Nasser Al Suwaidi

Central Bank Governor shines light on challenges ahead Islamic Banks

Islamic Finance

2011-06-03

Central Bank Governor shines light on challenges ahead Islamic Banks

There are already 8 Islamic banks in the UAE with 260 branches and assets and liabilities of AED 269 Billion (US$ 73.1 Billion). This represents 17% of total assets and liabilities of the banking system in the UAE.
Sultan Bin Nasser Al Suwaidi, UAE Cen…

Central Bank Islamic CDs climb to Dh12b

Islamic Finance

2011-06-03

Central Bank Islamic CDs climb to Dh12b

The Islamic certificates of deposit launched by the UAE Central Bank are now the equivalent of $3.27 billion. This statement was given by Sultan Bin Nasser Al Suwaidi, Central Bank Governor.
He added that although such figures are impressive, there are…

UAE, Bahrain central bankers call for Islamic finance reforms

Islamic Finance

2010-06-15

UAE, Bahrain central bankers call for Islamic finance reforms

Sultan Bin Nasser Al Suwaidi, Governor of the Central Bank of the United Arab Emirates (UAE) and Rashid Mohammad Al Maraj, Governor of the Central Bank of Bahrain both have called for reforms in improving the foundations of Islamic finance for it to expand globally.

Such refroms includes rulings by Shari’ah boards to be better co-ordinated and harmonised to enable the setting of credible standards. In addition, a clearer distinction also needed to be defined between profit to shareholders and profit to investors and depositors.

Islamic banks account for 16 per cent of the UAE’s banking system and 11 per cent of Bahrain’s banking system.

Key Words: Atari turns 50, and the godfather of video games talks about how to change the world
Atari founder Nolan Bushnell sits down for a chat with current Atari CEO Wade Rosen on the 50th anniversary of the founding of the iconic company.
: Spirit shareholders should vote for Frontier offer, proxy adviser recommends
Proxy adviser ISS reverses its position, supporting Frontier's improved offer for Spirit. Frontier and JetBlue have set their sights on the ultra-low-cost carrier.
: ‘It’s nuts’: Realtors describe chaos in New York City’s hot rental market
As workers and college students return to the city over summer, rental prices have shot up.
The Conversation: Four ethical principles can help us reason about the morality of abortion, and the morality of denying women control over their own body
A bioethicist argues that articulating our own values and understanding others’ can bring all sides of the abortion debate closer to a principled compromise.
Metals Stocks: Gold futures end lower, while copper bounces after sharp selloff
Reports say the Group of Seven nations are planning to ban imports of gold from Russia, which was one of the world’s leading gold producers last year, according to the World Gold Council.
Market Snapshot: U.S. stock indexes’ opening gains fizzle despite strong durables data
U.S. stock struggle for direction after last week's rebound as investors weigh stronger-than-expected data on durable-goods orders.
The Ratings Game: Chewy’s ‘defensive’ business could shine as pets need food in any economic climate, says analyst
In good and bad economic times, people need to buy pet food, and that's one reason Chewy Inc.'s stock may be worth a new look.
: ‘Polluting the air we breathe’: Mechanic sentenced for selling thousands of devices that allowed trucks to bypass emission controls.
Matthew Geouge raked in $10 million for selling the devices which made trucks produce hundreds of times more pollution, prosecutors said.
FA Center: Why the 60/40 portfolio is a worthy strategy even though stocks and bonds are weak
Widely used allocation has done poorly this year, but still gets the benefit of the doubt.
BookWatch: Managers should let employees work from home or risk losing — and not attracting — top money-making talent
The disconnect between employers and employees is concerning -- and harms an organization's morale and profitability.

Chinese (Simplified)