ENBD Reit, the Shariah-compliant real estate investment trust (Reit) managed by Emirates NBD Asset Management, has announced strong occupancy growth during its third quarter across a number of its assets. Occupancy growth within the portfolio has been robust for ENBD Reit's affordable residential and office properties.
Binghatti Terraces, a residential building in Dubai Silicon Oasis, has reached 88 per centRead more
Every article on Shariah-compliant finance begins with impressive figures on how industry growth has comfortably outpaced conventional peers. Reports state that Islamic finance has catapulted into an over $2 trillion industry, encompassing more than 100 million customers. The potential is much bigger: while the chest-thumping is justified, there are no guarantees that this will continue indefinitely.
Shariah-compliant banks have enjoyedRead more
A set of new Shariah standards for Islamic banking and financing have been launched by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).
Islamic finance scholars and specialists from across the region attended the launch ceremony, which was organised by the AAOIFI and Minhaj Advisory in Dubai recently.
The AAOIFI has been working in order to develop theRead more
The Kingdom is proud of following the Islamic Shariah law, which guarantees the citizens an honorable life and country prosperity and development.
The remark was made by Faisal Trad, Saudi Arabia’s permanent representative at the UN, on the opening day of the UN Human Rights Council on Monday. The 32nd round of talks will continue till July 1, SPA reported.Read more