Islamic sharia law is emerging as an alternative means of dispute resolution for business and commerce in the secular world, writes Mufti Barkatulla.
Middle East
Latest articles from Middle East
The nature of innovation
April 7, 2008As the Islamic finance sector becomes more competitive, innovation will be a key differentiator for attracting customers, writes Joe DiVanna.
UK on the verge of sukuk issuance
April 7, 2008The UK budget for 2008 announced measures to promote competitiveness with the increasingly attractive Islamic finance sector, paving the way towards sukuk issuance, writes Stephen Timewell.
Growth levels off
April 7, 2008Saudi banks performed less well last year than in 2006 and bankers are adjusting to the lower, more sustainable growth levels, but they have every reason to remain bullish, writes Stephen Timewell.
Challenges lined up
April 7, 2008Sheikh Hamad Al-Sayari, governor of the Saudi Arabia Monetary Agency, talks to Stephen Timewell about banking challenges, rising inflation, and planned currency union with the GCC states.
Non-stop wealth
April 7, 2008A boom in non-oil wealth looks set to accompany the continuing oil boom as huge projects get under way and economic reform continues, writes Stephen Timewell.
Exotix boldly tackles the Yemeni frontiers
March 4, 2008So-called ‘frontier markets’ hold no fears for some investors. Edward Russell-Walling reports on how broker-cum-investment bank Exotix went digging for profits in the zinc mines of Yemen.
Virtual concept to critical mass
March 4, 2008Islamic finance is growing fast in the Gulf region as banks look for new growth opportunities, but it is also making inroads into non-Muslim markets, writes Stephen Timewell.
Oil wealth reshapes sector dynamics
February 4, 2008With $100-a-barrel oil creating abundant wealth in the Gulf, the spending power of governments, state-owned entities and private companies is changing the dynamic of the investment world, writes Nadine Marroushi.
Leumi on top despite privatisation struggle
January 2, 2008Leumi Bank now leads Israel’s booming banking sector, despite the government’s protracted struggle to sell its controlling stake. David Lipkin reports from Tel Aviv.