The UK central bank has published a consultation paper as part of an initiative with the country’s Islamic banks to launch deposit facilities for retail lenders.
The AAOIFI, which sets standards for the Islamic finance industry, has adopted Shariah-compliant rules for trading the metal.
GE and the Iraqi government will partner with Standard Chartered and the Trade Bank of Iraq to accelerate power and infrastructure projects.
The lifting of sanctions has seen the country attempt to attract foreign business and investment.
Abu Dhabi Islamic Bank announced the launch of what it says is the region’s first community-based digital bank.
India’s central bank is changing its stance as departing governor Raghuram Rajan hands over the reins to ally Urjit Patel.
Iran is to establish an offshore bank on one of its Persian Gulf islands “within a month” as it continues to seek ... read more
The new contract is the latest in a 10-year partnership between the financial software provider and the Iraqi bank.
The bank has implemented an electronic ERP integration solution for the German manufacturing giant.