Shariah

Muslims can now trade E-Gold and E-Silver under Shariah

October 5, 2010 - 9:10am | Investment industry | News
Muslims can now trade E-Gold and E-Silver under Shariah

Now Muslim investors who abstain from trading in commodities on stock exchanges due to Shariah restrictions can take active part in purchasing and selling precious commodities like gold and silver in the spot market at real-time prices.


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Saudi Alinma Bank preparing to launch soon

January 11, 2009 - 11:55pm | Banks and internet banks | News
Saudi Alinma Bank preparing to launch soon

In the Kingdom of Saudi Arabia final preparations are being made by Alinma Bank for its launch by the end of the second quarter of 2009. As reported by Abdulaziz Al-Zamil, chairman of the board of directors of the bank, at the launch the bank will operate branches in Riyadh, Jeddah, Dammam, Jubail, Hofuf, Madinah, Taif and Khamis Mushayt. More branches distribution are expected to continue through 2009 and into the early part of 2010.


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