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- Kuwait's $11.25bn bond issuance elicits solid global investor interest
- e& UAE teams up with Honeywell to deliver 5G, AI-powered solutions for SMEs
- Boursa Kuwait's indices soared in September demonstrating substantial confidence
- Zain renews compliance with Payment Card Industry Data Security Standard
- Boursa Kuwait rings the bell with Kuwait University's CFA Research Challenge winners
- Oman, Belarus sign $1.4bn pulp and paper mill investment deal
- Ominvest hosts key event to advance group-wide sustainability alignment
- Investors rushing back to Emerging Markets, says expert
- Bahrain launches international tender for new SWRO desalination plant
- PureHealth acquires 60pc stake in Greek healthcare group for $939m
26/11/2017 07:32 AST
National Bank of Fujairah (NBF) today announced the completion of a Sharia-compliant bullion financing transaction with Malabar Gold.
This marks the first-ever Sharia-compliant bullion financing in accordance with the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) standards in the precious metals industry in the UAE. The partnership follows the launch of the AAOIFI Sharia Standard on Gold in December 2016 in collaboration with the World Gold Council.
The gold standard sets out the Sharia rules for trading and transacting in the metal whereby the latter joins equities, real estate, Islamic bonds (sukuk) and insurance (takaful) as vehicles approved for Islamic finance.
The standard lays out a clear guidance on the permissibility to trade in gold and makes it possible for Islamic investors to deploy to grow their wealth, diversify their portfolios, and protect them against market risks in a Sharia-compliant manner.
Gulfnews
19/03/2018
National Bank of Fujairah said on Sunday its shareholders approved 15 per cent dividend distribution at the Annual General Assembly Meeting.
This took the form of cash dividends of 7.5 per
Gulf News
14/12/2017
NBF Islamic has once again taken home the coveted accolade titled "Best Islamic Window-UAE" for the second consecutive time at the Islamic Business & Finance Awards 2017.
Prevailing over f
CPI Financial
10/12/2017
National Bank of Fujairah (NBF) has announced that it has joined Nasdaq Dubai's Islamic financing Murabaha platform, which offers unique advantages to financial institutions and clients seeking Shari
Gulf News
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.00 | 0.00 (0.00 |
| FAB | 15.90 | -0.26 (-1.61 |
| EMIRATESNBD | 24.60 | -0.05 (-0.21 |
| ADCB | 14.86 | 0.26 (1.78 |
| ADIB | 22.12 | 0.14 (0.63 |
08/10/2025
e& UAE, the flagship telecom arm of e& in the UAE, and Honeywell, a global leader in industrial automation, today (October 7) announced the signing of a Performance Partner Program Agreement to deplo
Trade Arabia
08/10/2025
Zain Kuwait announced the renewal of its compliance with the Payment Card Industry Data Security Standard (PCI DSS Level 1, version 4.0.1) following a comprehensive independent audit by an approved Q
Kuwait Times
08/10/2025
Oman International Development and Investment Company (Ominvest) said it has successfully hosted the ESG Connect event in collaboration with Sustainable Square in Muscat.
The event brought
Trade Arabia
08/10/2025
PureHealth Holding, a leading healthcare group in the Middle East, today (October 7) announced the successful completion of the acquisition of its 60% stake in Hellenic Healthcare Group (HHG), Greece
Trade Arabia
08/10/2025
QNB Group announced the license approval has been received for a digital-first banking entity, ezbank, from the Central Bank of Egypt.
This milestone reflects the Group's commitment to suppo
QNA
Financial Information Co.
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