The development of modern Shari’ah compliant financial products is relatively new, dating back to the early 1970s and the emergence of the first Islamic banks. In recent years, Shari’ah scholars and market participants have...more
From 1 January 2016, all EEA incorporated banks and credit institutions are required to include a term in any non-EEA law governed contract under which they have liabilities, giving contractual recognition of the bail-in...more
5/9/2016
/ Bail-In Provisions ,
Bank Recovery and Resolution Directive (BRRD) ,
Banking Sector ,
Credit Agreements ,
EU ,
European Banking Authority (EBA) ,
European Commission ,
European Economic Area (EEA) ,
Financial Institutions ,
Intercreditor Agreements ,
Prudential Regulation Authority (PRA) ,
RTS ,
UK
Saudi Arabia is developing into a sophisticated financial center in the Middle East. As companies are increasingly active in the Kingdom and demand for Sharia’h-compliant financial instruments increases, the Kingdom can...more
In this Issue:
- The History and Development Of Sukuk
- Summary Of Sukuk Structures
- Sukuk Al-Ijara
- Case Study: Government Of Dubai US$5 Billion Trust Certificate Issuance Programme
-...more
New PPP Regulations -
Further to the publication of the new PPP law in August 2014, the corresponding executive regulations were published in the official gazette on 29 March 2015....more
The financial close of the 1500 MW and 105 MIGD Az Zour North independent water and power project (IWPP) in January 2014 served as the trailblazer for the start of the public-private partnership (PPP) programme in Kuwait,...more
Whilst project bonds have for some time been a popular source of financing for projects in the US, they have historically been slow to gain momentum in other parts of the world, including the Middle East....more
This month, the UK Financial Conduct Authority formally authorised ICE Benchmark Administration Limited (IBA) to assume responsibility for the administration of the London Interbank Offered Rate (LIBOR).
...more