The new lease accounting standard published recently by the International Accounting Standards Board (IASB) brings added transparency to financial reporting, according to KPMG International. The new standard requires companies to bring most le
A new sharia standard on gold, including rulings for gold-based financial products, will be developed under a new initiative by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). A statement by the Bahrain-ba
Standard Chartered hosted its first Financial Crime and Compliance (FCC) workshop for its financial institutional and correspondent banking clients in the Middle East region.
The event, which took place at Four
The International Swaps and Derivatives Association (ISDA) and the International Islamic Financial Market (IIFM) have published a new Islamic hedging product standard, the ISDA/IIFM Himaayah Min Taqallub As‘aar Assarf (Islamic Cross Curr
Standard Chartered has held talks with bankers on raising at least $4 billion as UK reglators tighten scrunity on lenders with exposure to emerging markets in a second round of stress tests, Bloomberg reported on Thursday.
Salam Standard, the world’s first online hotel reference tool dedicated to Muslim travellers, was launched today (October 20) at the inaugural World Halal Travel Summit & Exhibition (WHTS15), in Abu Dhabi, UAE.
Standard Chartered has appointed Dr Boutros Klink as the new chief executive for its business in Bahrain. He will also oversee the operations in Saudi Arabia, Qatar and Oman, said a report in the Gulf Daily News (GDN), our sister publ
Bahrain Institute of Banking and Finance is launching its second International Financial Reporting Standards (IFRS) update seminar on Monday in partnership with Emile Woolf International (EWI). EWI is one of the world’s largest providers
Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has announced it is inviting nominations for candidates to serve on its technical boards that are tasked to carry out development and revision of it