Banking & Finance

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Conversions of conventional banks into Islamic ones are rare but not unprecedented.
Today
The Council of Senior Scholars, said investing in NCB's share offer was not permissible because too much of its business was non-Islamic.

September 30, 2014

HE Younis Haji Al Khouri, Undersecretary of MoF
05:26 GMT
(press release)

In line with the Federal Government’s ‘smart government’ directives, the Ministry of Finance (MoF) launched the second phase of the Federal Financial System.

September 29, 2014

NASDAQ Dubai is the third largest exchange in the world by value for listed Sukuk, or Islamic bonds, at 19.2 billion dollars.
17:51 GMT

Emirates NBD, one of the region’s leading banking groups, is now the largest issuer of conventional bonds on the region’s international exchange.

Traders in the black market told Sudan Tribune they expect the dollar price to decrease to 8 SDG.
13:03 GMT

Sayed Ali Zaki, an economist, for his part said the decrease in exchange rate is due to NISS's campaign against black market traders, as well as reduced Forex demand.

Al Hilal Bank
12:28 GMT
(press release)

Al Hilal Bank, the UAE's leading progressive Islamic bank, will bring joy to children celebrating Eid Al Adha this year with a generous ‘Eidiya’ or money gift for its young ‘Seghaar’ account holders.

NCB Capital
06:33 GMT
(press release)

NCB Capital believesthatthe Saudi Retail sector outlook remains positive, led by strong earnings growth from store expansions, strong organic growth, margin stability and Saudisation pressures easing.

September 28, 2014

Standard Chartered
12:00 GMT
(press release)

Following the launch of its Custody Services in Jordan earlier this year, Standard Chartered Bank announced today that its global client base has reacted very positively to the move and that all client transitions were completed ahead of schedule.

During the event
07:40 GMT
(press release)

Al Ansari Exchange successfully concluded ‘Al Ansari Rewards, Summer Promotion 2014’ by awarding the Grand Prize of AED 1 million to Samsad Ali Rosan from India at a gala award ceremony.

First Gulf Bank
07:15 GMT
(press release)

FGB, one of the leading banks in the UAE, is launching a new insurance service for UAE residents, which offers a year-long protection plan for their smartphones and tablets.

Emirates NBD stand at Cityscape 2014
06:08 GMT
(press release)

Emirates NBD Properties showcased its award winning real estate portfolio at Cityscape Global 2014, the world's largest networking exhibition and conference on property development.

“Thieves lie in wait and observe their victims upon leaving the bank until they get into their car."
05:55 GMT

An analytical study conducted by the Abu Dhabi Police has revealed multiple professional plans to rob bank customers after they finish their financial transactions.

September 25, 2014

Nimish Dwivedi, Head of Payments, Mashreq
08:29 GMT
(press release)

Mashreq, the UAE’s leading financial institution, announced exclusive offers for its cardholders during Gitex Shopper 2014.

Mr. Majed Essa Al Ajeel, the chairman of Burgan Bank
06:47 GMT
(press release)

Burgan Bank, Kuwait’s second largest commercial bank by assets, has successfully priced USD 500 million Perpetual Additional Tier 1 securities.

Abdulla Qassem, Group Chief Operating Officer – Emirates NBD
06:07 GMT
(press release)

Emirates NBD, one of the lead receiving banks for the Emaar Malls IPO, has announced that over 50 per cent of its retail subscriptions have been via the banks’ ATM and online banking channels.

September 24, 2014

Bank Audi, the largest Lebanese bank in terms of assets and deposits, operates in 13 countries.
12:36 GMT

Over $25 million of Bank Audi shares were traded on the Beirut bourse Monday as part of efforts to raise the capital of the bank.

Sanabel Conference
09:36 GMT
(press release)

Grameen-Jameel Microfinance is the Strategic Partner to the Sanabel 2014 Conference being held under the theme “Microfinance at Crossroads; Current Developments and Future Prospects in the Arab States”.