AAOIFI Issues FAS 33 “Investments in Sukuk, Shares and Similar Instruments”
The Accounting Board (AAB) of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) has officially issued financial accounting standard (FAS) 33 “Investments...
Emirates NBD Upgrades Payments System with TCS
Emirates NBD has picked Tata Consultancy Services’ TCS Bancs for Payments as its core processing platform to standardise and streamline payments operations across India,...
Emirates Islamic Offers ATM Withdrawals Without the Card
Emirates Islamic bank has added a new Cardless Cash Withdrawal feature to its mobile banking app. The new feature allows users to withdraw cash...
Is Blockchain Halal? These Startups are Transforming Islamic Finance
Islamic financial institutions are increasingly using blockchain technology for complex financing terms, Shariah-compliant transactions and Islamic and sharia-compliant alternatives to conventional insurance. Blockchain can...
Saudi Stock Exchange (Tadawul) Reminder
Reference to the Saudi Stock Exchange (Tadawul) announcement published on 26 December 2018, regarding changing the opening trading hour of Sukuk and Bonds Market.
The...
Qatar Looks Towards Burgeoning Islamic Finance Market
According to new reports, Qatar is planning an ambitious initiative with Malaysia and Turkey to serve the $2 trillion global Islamic finance market from...