Banking & Finance

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Conversions of conventional banks into Islamic ones are rare but not unprecedented.
October 23, 2014 - 17:41 GMT
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 8, 2014

The program was initiated by Mashreq Learning Systems, the Learning and Development arm of Mashreq, which designs and implement various learning courses and development initiatives.
04:55 GMT
(press release)

The UAE’s leading financial institution, Mashreq, today announced the graduation of 48 of its employees from the banks’ General Management Certificate Program.

September 7, 2014

Al Hilal Bank
06:57 GMT
(press release)

Al Hilal Bank has announced that its customers can now start using their Emirates Identity Authority (EIDA) Identity Cards for withdrawals and transfers at all Al Hilal ATM machines across the UAE.

September 4, 2014

Hong Kong is a financial hub for foreign investment (File/AFP)
10:13 GMT

The Sharjah Investment and Development Authority joined forces with Invest Hong Kong to increase ties and boost development between both organizations.

September 2, 2014

Emirates NBD will expand operations in Saudi, according to the company's CEO, Shayne Nelson (File/AFP)
12:03 GMT

Dubai's largest bank, Emirates NBD, is looking to increase its presence in Saudi Arabia, CEO of the company announced.

September 1, 2014

Doha Bank
14:19 GMT
(press release)

In line with its philanthropic traditions, Doha Bank is committed to helping people in their critical time of need.

“Islamic economy has become increasingly relevant in the modern world, offering new hopes of revival for the fragile global economy. "
12:18 GMT
(press release)

Research note sees key role for Sukuks over next decade in securing funds for major projects in Dubai

August 31, 2014

Al Ansari Exchange
13:46 GMT
(press release)

Al Ansari Exchange has announced the launch of India Promotion 2014—falling in line with the festive occasions of Onam and Diwali, two of the biggest festivals in India.

Tooran Asif, CEO Mashreq al Islami and Head of Personal Banking at Mashreq
13:30 GMT
(press release)

Mashreq announced another convenient solution to customers that includes a free car registration as well as up to 200,000 Salaam points, to customers who purchase AXA car insurance through the bank.

Gulf Finance House
13:23 GMT
(press release)

GFH would like to advise its shareholders and the markets that Capital Intelligence (CI), has raised the Bank's Long-Term Rating to 'BB' from 'BB-' and affirmed the Short-Term Rating at 'B'.

August 28, 2014

Petrochemicals supported the uptrend of the kingdom's stock market (File/AFP)
11:33 GMT

The Tadawul All-Share Index breached 11,000-mark with a six-year high. Strong global demand for petrochemicals supported the increase.

Nimish Dwivedi, Head of Payments, Mashreq
09:29 GMT
(press release)

Mashreq has launched a special offer for their cardholders’ convenience by allowing them to pay for school fees using their credit card and to make repayments in easy installments of up to 12 months with absolutely zero interest.

August 27, 2014

Prince Faisal bin Salman praised the holy city for its efforts to encourage young people into business (File/AFP)
09:54 GMT

Prince Faisal bin Salman said Medina is an investment-friendly province and called for young people to put their ideas into viable projects.

A Kuwaiti man withdraws cash from an ATM machine (File/AFP)
06:55 GMT

Bahrain's Gulf Finance House Wednesday signed a $105 million deal with Kuwait Finance House in the wake of the global finance crisis, which hit the Middle East.

August 25, 2014

Suvo Sarkar, General Manager – Retail Banking and Wealth Management, Emirates NBD
09:39 GMT
(press release)

Emirates NBD, a leading bank in the region, announced today the launch of a dual value-added offer for customers making school and university fee payments via credit cards.

During the event
05:25 GMT
(press release)

The Institute of Directors, Tamil Nadu State Chapter hosted the Global Summit 2014 on Business Excellence on August 22 and 23, 2014 at ITC Grand Chola, Chennai – India.