Business Blog

Religious scholars who members of an Islamic bank's sharia board are now barred from serving in any external audit firm

New guidelines for Islamic bonds could increase investment in the instruments by making them more transparent and easier to structure

Here are some factors that may affect Middle East stock markets on Wednesday.

Djibouti expects to see new entrants in its Islamic finance sector and the government plans to work on a framework to allow the use of sukuk, or Islamic bonds, to fund infrastructure projects, its central bank governor said.

Standard Chartered's Islamic division is seeking banking licences in three African countries in order to offer its services to the continent's large Muslim population.

The Bank of England has fined QIB (UK), a subsidiary of Qatar Islamic Bank, for failings in reporting its financial resources to the regulator in 2011 and 2012.