by Asharq Al-Awsat English | Jul 7, 2017 | Business
Hamara Hujale tries to keep an eye on two squirming children and a pot of simmering ugali – a white doughy dish – as she reaches for her buzzing phone. After speaking a few words, she hangs up and scribbles in a wrinkled notebook. “My driver has found another...
by Lahssen Moqana | Jun 26, 2014 | Business
Casablanca, Asharq Al-Awsat—Morocco’s lower house of parliament has approved a new banking law, which for the first time contains articles relating to Islamic banks, paving the way for a fledgling Islamic finance industry in the country after years of false starts....
by Lahssen Moqana | Jan 16, 2014 | Business
Casablanca, Asharq Al-Awsat—A draft Islamic banking law was presented to Morocco’s government on Thursday, in a bid to widen the Islamic financial products and institutions available in the North African Kingdom. The draft bill, which if ratified will be added as a...
by Asharq Al-Awsat | Dec 29, 2013 | Business
London, Asharq Al-Awsat—International ratings agencies Standard & Poor’s (S&P), Fitch Ratings and Moody’s have all awarded Jeddah-based Islamic Development Bank (IDB) their highest long-term and short-term credit rating scores, making the bank the most...
by Asharq Al-Awsat | Aug 26, 2013 | Business
Dubai, Reuters—A consortium of central banks from Asia, the Middle East and Africa has taken a first step towards developing a cross-border market in Islamic financial instruments by issuing a USD 490 million sukuk. The three-month Islamic bonds, denominated in US...
