Business Blog

The new regulations mark an important step in the development of the insurance market in Saudi Arabia, according to Clyde and Co.

07 April 2014 RAM Ratings has assigned AAA/stable/P1 claims-paying ability (CPA) ratings to Etiqa Takaful Berhad (ETB or the Company). Concurrently, we have assigned a preliminary rating of AA1/stable to the Company's proposed Subordinated Sukuk Musharakah Facility of up to RM300 million (Subordinated Sukuk).ETB is the largest takaful operator (out of 11) in Malaysia, with a strong franchise. The

Etiqa Takaful Bhd, Malaysia's largest Islamic insurance provider and a unit of Malayan Banking Bhd MBBM.KL , will issue a sukuk to raise 300 million Malaysian ringgit ($91.39 million), said credit rating agency RAM Ratings.

With a declining economy, protests, and a president under pressure, can Venezuela get its economic house in order?

The National Commercial Bank (NCB) and Southern Province Cement Company (SPCC) entered into a financing agreement of Islamic Tayseer, amounting to 700 million Riyals for five years. The agreement was signed in Riyadh by His Highness Prince/ Abdullah bin Musa'ad bin Abdul Rahman Al Saud, Chairman of the Southern Province Cement Company and Mr. Mansour S. Al Maiman, Chairman of the National

Dubai will compete with London for a share of Islamic banks' liquidity management business by offering a new platform for murabaha trading.