Islamic financial institutions' business activities must comply with Islamic law (Sharia) and the industry has shown strong growth over the past decade, said an industry expert.
“Therefore, we think Sharia governance wil
Banks in emerging markets of the GCC countries, Nigeria, Russia, South Africa, and Turkey will stay under pressure for the remainder of 2016 and 2017, according to a new report from S&P Global Ratings.
"The operating envi
In mid-December, the Emirate of Dubai announced that, after many months of expectation and consideration, it will introduce compulsory medical insurance for all workers and dependents in the emirate.
This action prompts a number o
Emirates NBD, a leading bank in the region, said Standard & Poor’s Fund Services has assigned an ‘A’ fund rating to three global, multi-asset class funds of its asset management unit.
This makes them the first managed funds with such d
Standard & Poor's Ratings Services has revised its outlook on the ratings of six Dubai-based Government-Related Entities (GREs) to negative from stable.
The entities are: DIFC Investments, DP World, Dubai Holding Commercial Operati