DGCX’s Spot Gold Contract Receives Shari’ah Certification
The Dubai Gold & Commodities Exchange (DGCX) has received a new Shari’ah certification for its DGSG from Minhaj Advisory.
The Fatwa was issued by Minhaj...
Dubai Islamic Bank Considers Acquiring Noor Bank
Dubai Islamic Bank PJSC, the United Arab Emirates’ biggest Islamic lender, is considering buying its smaller rival Noor Bank PJSC, people with knowledge of...
New Tax Rates Applicable to Bond and Sukuk Income, Tier II...
Withholding tax rates on income derived from Eurobonds and lease certificates issued outside of Turkey, on interest payments of Tier II loans and securitization...
Abu Dhabi Weigh Merging Abu Dhabi Islamic Bank with FAB
Abu Dhabi is considering combining Abu Dhabi Islamic Bank (ADIB) with First Abu Dhabi Bank (FAB) to create the Gulf region’s largest lender.
The Emirate...
Islamic Development Bank and UNICEF to establish a Global Muslim Philanthropy...
The Islamic Development Bank (IsDB) and UNICEF today signed a communique to announce their intent to develop a Global Muslim Philanthropy Fund for Children.
Discussed...
Dubai-Based Robo-Advisory Platform Turns to ‘Halal’ Investing Advice
Sarwa, the Dubai-based digital investment start-up, is building on local values by introducing halal and socially responsible investing to its robo-advisory platform. The company...