Top Islamic banking experts will discuss opportunities for Omani banks interested in taking advantage of a recent Omani royal decree authorizing the establishment of Sharia-compliant services at an upcoming conference in Muscat.
The FTSE Group and Dubai International Financial Centre Investments (DIFCI) have launched the FTSE Physical Industrial Metals Index Series.
It is the world's first Sharia-compliant physical industrial metals index series, providing inv
Bahraini Saudi Bank has rebranded itself as Bahraini Saudi as part of its transition to a fully Sharia-compliant Islamic bank.
The move comes as a result of Al Salam Bank acquiring 90.31 per cent of its equity last year in a two-for-one sh
Al Salam Bank-Bahrain, a leading Islamic bank in Bahrain, has launched a new vehicle financing service which will cover all brands and types of vehicles through a unique Shari'a-compliant scheme.
The “Moteri” financing scheme would enable
Al Khaleej Development Company (Tameer) announced its official transformation into Inovest, a Bahraini-based Sharia-compliant investment company.
Company vice-chairman and managing director Ahmed Rashid Al Qattan said the transformation co
Dubai Bank, a Dubai Group company, said its newly-launched interactive mobile service - the first in the UAE - is aimed at offering customers a unique and advanced level of convenience in conducting transactions through mobile phones.
The sukuk market, which has doubled each year since 2004 and grown to $90 billion (Dh331 billion), is falling after a group of Islamic scholars decreed in February that most bonds ran afoul of religious rules, according to a report.
Sharia-compliant house financing will make up 60 per cent of the UAE's Dh64 billion ($17.43 billion) mortgage market over the next three years, a study said.
The UAE's mortgage market is expected to reach Dh20 billion by the e
Allianz Global Investors has chosen Bahrain for its Middle Eastern office and is set to launch two Sharia-compliant equity funds for the region.
Allianz Global Investors is the asset management arm of the Allianz Group, one of the world's
Ahli United Bank (AUB) is planning to expand its Sharia-compliant offering and open more Islamic branches in Bahrain on the back of the success of its Al Hilal Islamic Banking Services.
The AUB Sharia board acknowledged the achievement