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Morocco approves law on sharia-compliant insurance

RABAT, July 10 (Reuters) - The upper house of Morocco’s parliament on Tuesday approved a law governing Sharia-compliant insurance, known as Takaful, which professionals...

Risk Management in Islamic Banks

Present globalization of international trade and financial markets provide opportunities for countries and financial institutions to do cross-border deals, to increase international business and...

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...

UAE conventional banks’ assets hit AED 2.28 trillion

There are 60 banks operating in the UAE, of 52 are commercial and eight are Shari’ah-compliant. The Central Bank of the UAE (CBUAE) said that...

Malaysia’s MIDF Explores Merger With Al Rajhi’s Local Arm

Malaysian Industrial Development Finance Bhd., the state-backed lender, is exploring a combination with the local unit of Saudi Arabia’s Al Rajhi Bank as it...
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