Business Blog

National Bonds said on Tuesday it has signed an agreement with Aafaq Islamic Finance to develop premium financial services for customers, including enhancing the former's sukuk trading services

Dubai-UAE: 30 December, 2014 - National Bonds Corporation PJSC (National Bonds), the leading sharia-compliant savings and investments company in the UAE, has signed a strategic agreement with Aafaq Islamic Finance to promote the culture of saving amongst customers.The agreement was signed by His Highness Shaikh Faisal Saoud Khalid Al Qasemi, Managing Director of Aafaq Islamic Finance, and His Exce

29 December 2014Tamwily and Shariyah Review Bureau (SRB) finalized today a Shari'a Advisory partnership agreement covering Shari'a supervision, monitoring and Shari'a Supervisory Audit.The agreement comes as Tamwily seeks to integrate Shari'a compliance in its offerings to customers as well as high value added Shari'a assurance to all clients for whom dealings in congruence to their faith is a hig

Oman's Al Hilal Islamic Bank has launched its all-new Al Namaa Islamic Savings Account, for depositors who wish to earn returns on their investments.

29 December 2014 Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has issued a new accounting standard on investment accounts - Financial Accounting Standard No. 27 (FAS 27) Investment Accounts.The new FAS 27 updates and replaces two of AAOIFI's previous accounting standards relating to investment accounts - FAS 5 Disclosure of Bases for Profit Allocation between Ow

Monday, Dec 29 - The Islamic Finance Gateway (IFG) Briefing, published from Sunday to Thursday, carries the latest market-moving news and data for institutions offering Islamic financial services. You can view the full IFG briefin...