Islamic scholar in Indonesia says Bitcoin is compatible with Islamic law.
Cash-rich Kuwait, bolstered by a healthy banking sector, is taking steps to reduce dependence on petroleum and motivate entrepreneurs.
Al Ahli Bank of Kuwait’s CEO, Michel Accad, opens up about his country’s economic role in the Arab world and why the Gulf nation might never achieve all its lofty aspirations.
FTSE announced Kuwait’s forthcoming addition to the Secondary Emerging Markets list last September. What’s happened since?
Salah Al-Fulaij, CEO of NBK-Kuwait, shares thoughts with Global Finance about competition, Kuwait’s growth prospects and the pressures of global regulation.
The consortium, called ALGO, will enable Islamic member banks to create fintech solutions in a cost-effective and fast manner.
Abu Dhabi Islamic Bank's head of Transaction Banking Haytham Elmaayergi spoke with Global Finance Editor Andrea Fiano regarding the bank's plan to offer Islamic banking variation to not only people looking at Islamic banking structures, but also the wider community at large.
Shariah-compliant finance is growing in Turkey, and Ankara is planning new rules to help guide the market.
The Accounting and Auditing Organization for Islamic Financial Institutions (Aaoifi) has issued a new shariah standard that allows Islamic financial institutions to use gold.
With mounting payment obligations and a worsening balance of payments, Pakistan has returned to the Islamic bond market after a two-year hiatus. In early October, Pakistan mopped up $1 billion through a dollar-denominated Islamic bond with a five-year tenure.
These are exciting times for the nations of the Gulf Cooperation Council (GCC), as the decline in oil revenues is forcing them to finally make dramatic changes to their oil-based economies.