UAE's Senaat hires banks for planned sukuk -document

The industrial group is planning a 5- to 7-year tenor fixed-rate U.S. dollar-denominated senior unsecured sukuk under their $3 billion Trust Certificate Issuance Programme, subject to market conditions.


Deloitte issues call for common sukuk practices

Inconsistent laws and practices were highlighted in a dispute between UAE-based Dana Gas and its bondholders over the repayment of a $700 million sukuk and whether it still complied with Sharia law.


Qatar calls for unifying legal system to protect e-banking

Its members include representatives of all ministries and sectors in the country to co-ordinate and co-operate among it to implement policies and plans to provide a high level of information security and contribute to tackling any attempts to hack the ele


New laws to boost banking sector in UAE

Chaired by AbdulAziz Al Ghurair, Chairman of the UBF, the BoD commended the recent laws and regulations, and highlighted the positive impact the new laws would have on the banking and financial sector as well as the national economy.


Bank Sohar issues life insurance policies

“As we work towards becoming Oman’s most customer-centric bank, we continue to extend our portfolio of services and raise the bar on efficiency to add value to our customers’ banking experience."