Middle-east Arab News Opinion | Asharq Al-awsat

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Saudi traders monitor the stock in Riyadh in this undated file photo. (Reuters)

Opinion: Getting Islamic Finance to Fulfill its Promise

by Masood Ahmed | May 20, 2015 | Opinion

What do the Olympic Village in London and the Burj Khalifa in Dubai have in common? The answer is Islamic financing, or financing under Islamic principles. Though still accounting for a small share of the global financial industry, Islamic finance is one of its...

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In this undated file photo, a man walks into a halal-certified barbecue restaurant in the Japanese capital Tokyo. (AFP Photo)

Global Islamic economy growing faster than ever: expert

by Eman Al-Khattaf | Sep 10, 2014 | Business

Dammam, Asharq Al-Awsat—The global Islamic economy is growing faster now than at any time previously, attracting increasing investment from around the world, according to the chief executive of a company operating in the sector. Nader Sabri, chief executive of Muslim...

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This undated file photo shows the side entrance of the Dubai International Finance Center (DIFC) in Dubai, UAE. (Asharq Al-Awsat)

GCC to drive sukuk growth: report

by Asharq Al-Awsat | Sep 3, 2014 | Business

Dubai, Asharq Al-Awsat—Gulf countries will be the engine driving the growth of the global sukuk market, according to a report released on Monday by the Dubai Chamber of Commerce and Industry. The report, which is based on data from the UK Islamic Finance Secretariat...

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Undated file photo showing the front entrance of the Moroccan central bank, the Bank Al-Maghreb. (Reuters)

Morocco’s lower house of parliament approves Islamic banking law

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....

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File photo of the Barclays Bank headquarters in London on May 8, 2014. (AFP PHOTO / CARL COURT)

Regulator backs ADIB purchase of Barclays UAE unit: CEO

by Asharq Al-Awsat | May 20, 2014 | Business

Abu Dhabi, Reuters—Abu Dhabi Islamic Bank (ADIB) has received regulatory approval from the United Arab Emirates central bank for its purchase of Barclays’ retail operations in the country, its chief executive said on Tuesday. The largest sharia-compliant lender...