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Bahrain's central bank is setting up a central sharia board to help oversee Islamic finance products in the kingdom and will introduce new rules to strengthen governance in the sector, central bank governor Rasheed al-Maraj said.

Bahrain's central bank is setting up a central sharia board to help oversee Islamic finance products in the kingdom and will introduce new rules to strengthen governance in the sector, central bank governor Rasheed al-Maraj said.

The UAE's sharia-compliant banking assets crossed USD 100 billion (AED 367 billion) this year as the UAE's Islamic banking sector became a major contributor to global Islamic finance industry, according to Ernst & Young's (EY) World Islamic Banking Competitiveness Report 2014-15.

* Britain, Luxembourg, HK among new issuers this year* Next year momentum swinging to emerging mkt issuers* Tunisia, Kenya among those considering sukuk* Drop in oil price may prompt new Gulf issuesBy Karin StroheckerLONDON, Dec 2 (Reuters) - This year&aposs rush by top-rated non-Muslim countries to tap the burgeoning Islamic finance market may not be repeated next year but a new crop of sovereign

A new crop of sovereign entrants, mostly from emerging markets, is waiting around the corner.

* SABIC and related companies among Saudi's most notable gainers * Overnight rebound in oil prices bolsters Saudi sentiment * But early-session rally sags as oil prices retreat again * Qatar slumps to 21-week low; Oman rebounds from 12-wk low *...