Tuesday 26 September 2017
 
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Sharia

BOKI enlists SRB to manage Sharia committee

BOK International (BOKI), a leading Islamic wholesale bank in Bahrain, has announced the assignment of Shariyah Review Bureau (SRB) to help setup, manage and administer the Sharia Advisory Committee for its Bahrain office. "B

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DGCX to launch Sharia compliant spot gold contract

The Dubai Gold & Commodities Exchange (DGCX) and Ayedh Dejem Group, a conglomerate from Saudi Arabia, have agreed to launch the Middle East’s first-ever Sharia compliant Spot Gold contract to be traded on an international exchange.

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Sedco Capital launches new investment strategy

Sedco Capital, one of the largest asset managers in Saudi Arabia, has launched a new investment strategy called Prudent Ethical Investing (PEI) that integrates its Shariah-compliant investment approach with ethical investing. PEI

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UAE’s Beehive enlists SRB for Sharia functions

UAE-based Beehive P2P, a leading online marketplace, has appointed Shariyah Review Bureau (SRB) to supervise its Sharia Supervisory Board, Certification and Sharia Audit functions for its P2P Islamic platform. Beehive P2P recently

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Centralised Sharia boards could spur Islamic finance

The proposal by AAOIFI for centralized Sharia boards, if implemented in countries active in Islamic finance, will help the industry move toward greater standardization and harmonization in Sharia interpretations, S&P Global Ratings said.

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Islamic finance sector ‘showing strong growth’

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

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Damac offers phase 2 of luxury hotel apartments

Dubai-based Damac Properties has announced the release of the second phase of luxury hotel apartments in Ghalia following a sold-out phase one. Ghalia offers the first certified Sharia-compliant serviced hotel apartments, with con

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UAE to create central Islamic finance authority

The United Arab Emirates' cabinet has approved the creation of a centralised sharia authority that will monitor and set standards for Islamic finance in the country, aiming to boost growth of the industry. The authority, to be

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Takaful, Takaud partner for Sharia-compliant solutions

Takaud, a top savings solutions provider, and Takaful International, Bahrain’s leading Islamic insurance company, have partnered to provide Takaful’s individual and corporate life insurance clients with innovative Sharia-compliant in

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Push for sharia standard on gold in Bahrain

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

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