Wednesday 30 July 2014
 
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Al Baraka launches new savings account

Bahrain-based Al Baraka Islamic Bank has launched a new investment saving account named "alBarakat."   Compatible with Sharia, it qualifies the account holder to enter a periodic raffle

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Takaud launches Ramadan ‘need to save’ drive

Takaud, a specialist savings and pensions provider for the Mena region, has unveiled a special ‘Ramadan Savings Incentive,’ as it continues to support its on-going awareness campaign to educate and encourage the local community to

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75pc of Bahrain staff 'don't save enough'

About 75 per cent of employees in Bahrain are not saving enough to support themselves and their families in later years, according to a survey. The lack of ‘savings culture’ will have major repercussions for future as

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IBB launches sharia-compliant cash account

Islamic Bank of Britain (IBB), the UK’s only wholly sharia-compliant retail bank, has launched its IBB Notice Cash Individual Saving Account (ISA). The account offers consumers an ethical, tax-free way to save, with an expec

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Novus launches energy saving initiative

Novus Community Management, a UAE-based real estate services company, has launched its energy programme, to reduce the environmental impact of residential and commercial buildings. The Novus Energy Program, in partnership with Ene

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Gulf Air's new fleet deal to save $2.5bn

Gulf Air said its renegotiated deals with the world’s two largest aircraft manufacturers to change its orders for the future will save the company around $2.5 billion. The move will see the Bahraini carrier change orders for

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Ithmaar adviser urges responsible spending

People to take a more responsible view of spending and resist the growing culture of consumerism, said a senior Bahraini Sharia scholar and an Islamic banker. Dr Adel Marzooqie, the Ithmaar Bank Sharia adviser, said there appears to be a g

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Employee suggestion saves Alba BD30,000

A proposal made by one of the employees of Aluminium Bahrain (Alba), a leading aluminium smelter, has not only reduced costs, but also yielded a net saving of nearly BD 300,000 annually for the company. Acting manager engineer, Abdul Hussa

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Oman to launch 'save electricity' campaign

The Sultanate of Oman is gearing up to launch its first nation-wide summer electricity and water saving campaign. Oman minister for national economy Ahmed bin Abdulnabi Macki will kick off the campaign tomorrow (June 2) in t

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Dubai saves 100,000KWh power during Earth Hour

Electricity consumption dropped by 100,000KWh in Dubai during the city’s first Earth Hour on Saturday as residents and businesses across the city switched off non-essential lighting. At 8pm local time, thousands of individual participants

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