Tag: finance

(MENAFN – Khaleej Times) Noor Bank entered a successful collaboration with Azimut (DIFC) to launch the largest US-dollar Islamic fixed maturity plan (FMP) in the UAE under a Dubai International …
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The UAE’s banking system continues to remain strong enough to weather global macro-financial risks. That was what the 2018 stress tests on the country’s banking sector revealed. It should come …
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Dubai, United Arab Emirates: The nature of banking within the UAE has transformed significantly within the last decade. With smartphone penetration in the UAE being the highest in the world, there has …
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The firm’s new premises in Dubai will also host an innovation hub and be home … Instead of onboarding a fund manager, setting up an expensive operation in a hedge-fund-friendly jurisdiction, which …
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The EU has set rules on funds’ liquidity requirements, risk limits, transparency and leverage, and UCITS products can use derivatives to create some leverage and short exposure, but not as much as …
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H.E. Essa Kazim: “The initiative underlines our commitment to collaborate with key stakeholders to reinforce Dubai’s position as a leading financial hub and global capital of Islamic economy” Dubai: …
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Take the case of Dubai expat, Narendra Garjria whose Dh1 million was blocked in his UAE bank accounts after his wife, Heena died at a young age of 47. Besides the fact that he had little time to …
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The central bank report showed non-performing loans (NPL) ratio of the UAE banking system edged higher to 5.6 per cent in 2018 from 5.3 per cent in the previous year. Image Credit: Gulf News …
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The latest round of stress tests conducted on systemically important banks and the UAE banking system as a whole has shown that the UAE’s banking system is geared to withstand potential risks …
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DUBAI — The UAE banking system remains sound with sufficient capitalization and liquidity reserves, solid financial performance and high operating efficiency, the Central Bank of the UAE (CBUAE) said …
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The banking system in the UAE remains strong with sufficient capital base and liquidity reserves, performing efficiently last year amid favourable macro-economic conditions and a proactive fiscal …
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The UAE is a major destination for Islamic Finance and banking. The demand for Islamic banking products is on the rise across country. Aafaq Islamic Finance, a leading financial company in the UAE, in …
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The Central Bank of the UAE, CBUAE, has launched the recent edition of the UAE Financial Stability Report (FSR). The report provides relevant information, financial data, and stability assessments …
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Dubai’s Noor Bank has raised over $138m (AED507m) in a US-dollar Islamic fixed maturity plan (FMP) in partnership with DIFC-based Azimut Limited. The funding was raised in subscriptions within two …
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Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, entered a successful collaboration with Azimut (DIFC) Limited to launch the largest US-dollar Islamic fixed maturity plan (FMP) in …
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A Pakistani crane operator in Dubai said he has lost his life-savings after Dh127,500 was fraudulently transferred out of his bank account. Abdul Qayyum Abdul Haq, 69, said the fraud happened even …
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Dubai-UAE: Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, entered a successful collaboration with Azimut (DIFC) Limited to launch the largest US-dollar Islamic fixed maturity plan …
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