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New Islamic finance guidance on gold emphasises real deal
December 6, 2016--To encourage new Islamic finance products using gold
Sukuk, ETFs, trading accounts in development
Guidance also applies to silver-based contracts
Same-day settlement reduces risk, may be less convenient
AAOIFI plans workshops for wholesale gold market.
New Islamic finance guidance on gold, GCC F&B industry grows
December 6, 2016--Islamic finance experts have developed new rules for gold transactions; the GCC F&B industry continues to experience growth driven by the growing population and numbers of tourists
Here are the top seven business stories you need to know about today.
Dubai's Emirates Islamic launches 1.5 bln dirham rights issue Emirates Islamic Bank, the shariah-compliant...
Poll: Mideast funds more bullish on equities but cautious on Saudi, Egypt Opec agrees to cut production Saudi close to technical breakout; UAE firms in speculative trade Islamic finance body approves sharia standard for gold-based products Mirae Assets Global Investments launches maiden Islamic fund Abu Dhabi recovers, Saudi petrochemicals buoyed by oil bounce
December 5, 2016--Law aimed at reviving Egypt's economy and attracting foreign investors
Will be sent to cabinet on December 14
Egypt is trying to recover economically after 2011 uprising
A draft of a long-awaited Egyptian investment law aimed at reviving the country's economy and attracting foreign investors will be sent to the cabinet on December 14
December 3, 2016--Saudi stock market up by 16 percent month-on-month in November.
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November 30, 2016--Most bullish balance towards stocks since January
UAE top pick, managers cite valuations.
Qatar positive as funds hunt for high dividend yields
November 30, 2016--Saudi Arabia will reduce oil output by 486,000 barrels a-day.
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November 29, 2016--Saudi index climbed 0.7 per cent in first 30 minutes to 6,950 points
Banking and petrochemical sectors moved little
Dubai's index rose 1.0 per cent Saudi Arabia's stock market neared a bullish technical breakout in early trade on Tuesday while speculative activity in small caps boosted United Arab Emirates markets...
November 28, 2016--Traditionally, gold has been treated as a currency in Islamic finance
New standard addresses collateral, set off, screening and and gold exchange in transactions
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) said on Monday it had approved a sharia standard for gold-based products, a move aimed at expanding the use of bullion in Islamic finance.
November 23, 2016-Hong Kong-based launched its first sharia-compliant Asian equities fund
Islamic funds industry is now attracting regional firms seeking to penetrate markets from Saudi Arabia to Indonesia.
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November 21, 2016-In Abu Dhabi market, banking stocks sold off in previous session recovered
Banks see drop after denying rumours about mergers.
Majority of listed petroch shares rose as Brent futures climbed Abu Dhabi's stock market index rebounded in early trade on Monday as some of banking stocks which were sold off in the...
