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- Saudi Awwal Bank launches a world class Innovation Centre to provide financial services
- Indian rupee firms up again - UAE, Saudi Arabia's NRIs delay money transfers
- Dubai's Tecom Group turns in another profit gain in Q1-2025
- BNY gets license for Saudi regional HQ as global banks grow presence
- Closing Bell: Saudi main index closes in red at 11,543
- TotalEnergies, OQEP break ground at Marsa LNG
- Riyadh Air enters key deals covering 125 countries
- 3 contracts signed for $1.6bn Marsa LNG Project in Sohar
- GIS reports net profit of QR222m in Q1, reflecting 38% year-on-year growth
- QAMCO posts record net profit of QR156m
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 | 402.50 | 0.00 (0.00 |
| FAB | 15.20 | 0.10 (0.66 |
| EMIRATESNBD | 20.70 | 0.15 (0.72 |
| ADCB | 11.78 | 0.20 (1.72 |
| ADIB | 18.48 | 0.02 (0.10 |
02/05/2025
Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom of Saudi Arabia, announced the inauguration of its Innovation Centre on Thursday, May 1. The facility is designed to inspire and accele
Saudi Gazette
02/05/2025
Dubai's Tecom Group has come up with net profits of Dh360.8 million for the January to March 2025 period, and quite a healthy gain on the Dh292.5 million from the year ago status.
The compan
Gulfnews
02/05/2025
Gulf International Services reported a net profit of QR222m for the three-month period ended 31 March 2025, with an earnings per share of QR 0.119.
The Group reported strong revenue growth f
The Peninsula
02/05/2025
Qatar Aluminum Manufacturing Company (QAMCO), a 50% joint venture partner in Qatar Aluminum Company (Qatalum), reported a net profit of QR156m for the three-month period ended 31 March 2025, with an
The Peninsula
01/05/2025
Beyon announced its financial results for the first quarter of 2025.
Beyon reported net profit attributable to equity holders of BHD 18.1M (US$ 48.0M) for Q1 2025, a 4% decrease from BHD 18
BNA
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia