Business Blog

Zurich Insurance is set to take full ownership of Malaysia's MAA Takaful after the deal received regulatory approval, giving Europe's fifth-biggest insurer a foothold in the world's second largest Islamic insurance market.

Sukuk and bonds could aid the industry, according to Chief Research Officer of Middle East Global Advisors.

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.

Egypt's central bank will keep the pound stable at EGP 8.78 pounds to the dollar in Thursday's additional foreign currency auction.

National Bonds, a Dubai government-owned sharia-compliant investment company, said it is eyeing expansion into the rest of the Gulf region.

Nasdaq Dubai said it has welcomed the listing of two Sukuk issued by the government of Indonesia with a total value of USD 2.5 billion (AED 9.2 billion).