Banking & Finance
December 4, 2013
Global Islamic banking assets with commercial banks are expected to reach $1.72 trillion in 2013
Emirates NBD Asset Management announced a strategic partnership on its global public funds with Jupiter Asset Management.
UAE’s leading bank Mashreq has championed a social media campaign linked to Expo 2020 that expresses a vision of what Dubai will be like in the future.
December 3, 2013
Reports from Monday announced that 4 Gulf countries were expected to release a common GCC currency by the end of the year. However, the Gulf Monetary Council dismissed media reports Tuesday, saying that no common currency is scheduled to be released anytime soon.
alizz islamic bank (SAOG), one of the first dedicated Islamic Banks in Oman, recently held its third Fatwa & Shari’a Supervisory Board (FSSB) meeting for the first time at the bank’s Head Office in Alizz Tower located in the Central Business District (CBD).
First Gulf Bank (FGB), one of the major leading banks in the UAE, was named by the Banker Magazine, as the “2013 Bank of the Year - United Arab Emirates”.
The Chartered Institute of Management Accountants (CIMA) has received the highly coveted Global Islamic Finance Awards under the ‘Best Islamic Finance Education Provider 2013’ category.
Doha Bank, the leading private commercial bank in Qatar, has been named ‘Bank of the Year 2013 – Qatar’ by The Banker magazine, an affiliate publication of ‘The Financial Times’.
December 2, 2013
Describing the issue as “strange and shocking”, Odwan insisted that the alleged deal is a fraud.
Gulf Bank concluded its platinum sponsorship and participation of the National Union of Kuwaiti Students in the United States (NUKS-USA) students’ conference.
Bahrain, Kuwait, Qatar and Saudi Arabia are planning to release and use a common currency by the end of December, according to reports in Manama from Sunday.
The chief financial officer of Prince Alwaleed bin Talal’s investment vehicle, Kingdom Holding, is to leave the firm, two banking sources aware of the matter said.
December 1, 2013
alizz islamic bank, one the first dedicated Islamic banks in Oman, signed a Memorandum of Understanding (MoU) with the Oman Telecommunications Company (Omantel).
Saudi Arabia's Monetary Agency released data this week that KSA's foreign assets hit a record high in 2013 as money supply growth reached a 14-month low.
Undeterred by the uncertain global market dynamics, the Islamic finance industry is set to explode in key markets around the world.