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- NBK bags seven Brandon Hall awards for excellence in community initiatives
- Goldman Sachs tops global M&A rankings with $1.48tn in deals
- Trump's Venezuela oil grab revives 'petrodollar' debate
- Kuwait Bourse closes higher
- QEWC launches new identity, changes name to 'Nebras Energy'
- Eurozone economy ends 2025 on benign note even as risks linger
- QCB foreign reserves rise 2.65% in December to QR261.868bn
- NBB receives Deutsche Bank Client Excellence Award at Sibos
- Beyon Money Business inks strategic collaboration with EazyPay
- AD Ports Group boosts leadership of its Logistics Cluster
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 | 399.50 | 0.00 (0.00 |
| FAB | 16.50 | 0.10 (0.60 |
| EMIRATESNBD | 26.15 | 0.90 (3.56 |
| INVESTB | 0.45 | 0.00 (0.00 |
| ADCB | 14.84 | 0.10 (0.67 |
08/01/2026
In a renewed affirmation of its leadership and excellence in Social Responsibility and Human Resources Management, National Bank of Kuwait (NBK) was honored with seven awards from the Brandon Hall Gr
Kuwait Times
08/01/2026
The Qatar Electricity & Water Company (QEWC) has announced the launch of its new corporate identity under a new name, Nebras Energy.
This strategic transformation is based on decades-long mi
The Peninsula
08/01/2026
National Bank of Bahrain (NBB) has been recognised with Deutsche Bank's Client Excellence Award during Sibos 2025, one of the global financial industry's most prominent gatherings.
The acco
Trade Arabia
08/01/2026
Beyon Money Business, part of the Beyon Group, and Eazy Financial Services (EazyPay), a leading Bahraini payment services provider licensed by the Central Bank of Bahrain, have announced their offici
Trade Arabia
08/01/2026
AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, has announced a series of senior executive appointments to its Logistics Cluster, further strengthening
Trade Arabia
Financial Information Co.
Saudi Arabia