Business Blog

United Insurance Company of Pakistan UNTD.KA will seek shareholder approval to offer Islamic insurance (takaful) products, a month after regulators cleared the way for conventional firms to enter the sector.

United Insurance Company of Pakistan UNTD.KA will seek shareholder approval to offer Islamic insurance (takaful) products, a month after regulators cleared the way for conventional firms to enter the sector.

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the Bahrain Institute of Banking and Finance (BIBF) hosted a discussion on new Sharia'a standards and Bahrain's position as a global leader in Islamic finance.

Commercial Bank of QatarCOMB.QA is planning to meet fixed income investors for a potential benchmark dollar bond issue starting Thursday, a document from the leads showed.

Abu Dhabi-based telecommunications operator Etisalat has set initial price thoughts on its debut bond issue which could price at end of the day, a document from the lead managers said.

Justice Minister Mohammed Al-Eissa has denounced international rights groups for attacking the Kingdom's judiciary, saying laws in this country are based on divine precepts contained in the Holy Qur'an.