Business Blog

Pakistan central bank to phase in new Islamic finance rules

Pakistan's central bank will phase in new capital adequacy rules for Islamic banking subsidiaries and trade sharia-compliant government debt in the open market.
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Pakistan central bank to phase in new Islamic finance rules

Pakistan's central bank will phase in new capital adequacy rules for Islamic banking subsidiaries and trade sharia-compliant government debt in the open market.

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New regulations to strengthen Oman s insurance sector

Sunday, Oct 19, 2014 Dubai: The Capital Market Authority of Oman’s (CMA) new regulations requiring Omani insurers to be listed on the Muscat Securities Market and maintain capital of at least OMR10 million ($26 million, Dh95 million), will...

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AAOIFI widens global role to develop Islamic Finance

19 October 2014 "AAOIFI's pioneering role is gaining more prominence at a time the Islamic finance industry is developing at a fast pace of growth worldwide. This is reflected in AAOIFI's mounting efforts towards achieving more harmonization and...

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Tunisia picks banks for debut US dollar sukuk - sources

The Republic of Tunisia has picked banks including Citigroup, Natixis and Standard Chartered for a debut US dollar sukuk, according to sources.
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Dubai resort Atlantis signs increased USD1.1 bln loan deal

Dubai's Atlantis, a luxury hotel situated at the top of a palm-shaped manmade island, refinanced an USD 880 million loan to take advantage of favourable market conditions and secure a better interest rate, the company confirmed to Reuters.

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