Bahrain-based Shariyah Review Bureau (SRB) has been signed up to supervise the shari’a compliance process of UK-based SCS Farmland’s investment programme.
The shari’a advisory firm will work with the company to s
New Malaysian standards for sharia-compliant equities are expected to attract more Islamic investment funds from the Gulf, a senior official of the country's Securities Commission said.
A revised list of Malaysian equities tha
Dubai has proposed to the federal government of the UAE that the country create a sharia-compliant retirement savings scheme for foreign workers, a step which could help to develop the Islamic funds industry.
The aim is that the s
Ducab, a leading manufacturer of high-quality power cables and wires in the Middle East, is set to convert its conventional metals hedging practices into Islamic structures.
The initiative, taken under the guidance from its board,
Oman Development Bank (ODB) is considering the launch of an Islamic window to offer sharia-compliant products to small and medium-sized firms, an executive said.
In December, Oman became the last country in the six-member Gulf Coo
India's central bank has allowed a firm in the southern state of Kerala to operate as a non-banking financial company (NBFC) that follows Islamic principles - a small step towards developing sharia-compliant finance in the country.
Mashreq, a leading financial institution in the UAE, has been recongnised for its retail, technology and Islamic operations at the Banker Middle East Industry Awards 2013, held in Dubai recently.
The bank’s retail operation
National Bonds Corporation, a leader in Sharia compliant saving and investments schemes in the UAE, has confirmed support to the Gov HR Summit to be held in Abu Dhabi in September.
The summit, set to take place from September 22 a
The prepaid card market, fuelled by a preference for Islamic banking, is growing rapidly in Bahrain, a report said, adding that it is expected to see a compounded annual growth rate of 17.27 per cent by 2017.
Saudi Arabia-based investment firm Sedco Capital has announced the first-ever Sharia-compliant funds with certifications on adherence to environmental, social and governance (ESG) principles.
"The Sedco Capital US Equities Fu