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Saudi Arabia to hold Financial Sector Conference in April

RIYADH — Under the aegis of Custodian of the Two Holy Mosques King Salman the first edition of the Financial Sector Conference,...

Saudi developer Jabal Omar raises $135m sukuk from Dubai’s Shuaa

The five-year sukuk will support the developer's plans for the Holy City of Makkah Saudi Arabian real estate developer Jabal Omar Development Company has secured...

Biggest Saudi Arabia Bank Starts Talks to Create Mega Lender

National Commercial Bank, Saudi Arabia’s biggest lender, started initial talks with Riyad Bank for a merger, a deal that would create the Gulf’s third-biggest...

Is Islamic Finance New Or Old?

For hundreds of years, there was no need for Islamic finance because there was simply no financial system to “Islamise.” Up until the second...

Toward Standards In Islamic Finance

Banks' internal Shariah boards engender 'conflicting rulings,' so investors look to homogenize industry practices. The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI)...
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