Business Blog

Huge rise in GCC sovereign issuance to support Takaful

Sukuk and bonds could aid the industry, according to Chief Research Officer of Middle East Global Advisors.

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Industry body AAOIFI plans standards for Islamic endowments

AAOIFI said its board had approved a plan to issue guidance covering sharia-compliance, accounting and governance of awqaf, with a working group established for the project.

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Saudi banks, bin Laden companies face $4.2bln U.S. lawsuit

Lawsuit filed in the U.S. District Court in Manhattan is the latest effort to hold entities in Saudi Arabia liable for the 9/11 attacks.

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Algeria warily edges towards Islamic finance as energy income dives

Algeria is edging slowly towards offering banking services to suit more religiously conservative investors.

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Pakistan to streamline sukuk issuance rules

Pakistan's capital market regulator plans to streamline rules for issuing Islamic bonds.

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Islamic fintech firm becomes first to get UK regulatory approval

Yielders became the first Islamic fintech firm to be given full authorisation by Britain's Financial Conduct Authority earlier this month.

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  488 Hits