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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 | 0.50 (0.12 |
| FAB | 15.84 | 0.02 (0.12 |
| EMIRATESNBD | 24.40 | -0.15 (-0.62 |
| INVESTB | 0.45 | 0.00 (0.00 |
| ADCB | 14.10 | 0.64 (4.75 |
28/11/2025
QNB Group, the leading financial institution in the Middle East and Africa, has officially handed over the grand prize of its QNB Visa summer campaign - a luxurious apartment on Gewan Island to the l
The Peninsula
28/11/2025
Vodafone Qatar has announced the delivery of next-generation digital solutions that enhance connectivity, strengthen cybersecurity, and transform customer engagement across Qatar, in collaboration wi
The Peninsula
28/11/2025
AD Ports Group, a leading global facilitator of trade, logistics, and industry, today announced the sale of its 9.77% stake in NMDC Group, a global leader in engineering, procurement, construction, a
Trade Arabia
28/11/2025
Alpha Dhabi Holding has tightened its grip on one of the UAE's most strategically important industrial groups, acquiring an additional 82.5 million shares in NMDC Group in a Dh1.6 billion transaction
Khaleej Times
27/11/2025
As part of the government's ongoing commitment to empowering people with disabilities and reinforcing their role in the Kuwaiti community and the labor market, Dr Ahmad Abdulwahab Al-Awadhi, Minister
Kuwait Times
Financial Information Co.
Saudi Arabia