Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Server is busy please try again later.  Join our daily free Newsletter

MENAFN Press - 08/08/2012
No. of Ratings : 0
Add to Mixx!

Due to technical reasons, this story has been removed from our database.

About BLME
Bank of London and The Middle East plc ("BLME") is an independent UK wholesale Islamic bank based in London, with a strong and established reputation as a quality provider of specialised financing solutions to institutions and high net-worth individuals across Europe and the GCC regions. BLME received FSA authorisation in July 2007 and is the largest of its peers in Europe. It is led by a management team that brings together a combination of experienced international bankers and leading experts in Islamic finance.BLME has three key business areas; Corporate Banking, Treasury and Wealth Management that includes Asset Management and Private Banking. To ensure that BLME's services and operations are wholly Sharia'a compliant, the Bank has a dedicated Sharia'a Supervisory Board ("SSB"). The SSB's role is to review contracts and agreements relating to all transactions ensuring that they are consistent with the principles of Islamic jurisprudence.About Islamic bankingIslamic Finance upholds the principles of fairness, integrity and transparency. The principle of fairness is reflected in the risk and reward-sharing element that forms the foundation of every Islamic financial transaction. Islamic finance aims to create business activities that generate a fair and equitable profit from transactions that are backed by real assets. This method of financing avoids speculation, short selling and excessive credit creation whilst encouraging sound risk management procedures. Islamic banking has a robust system of risk management and self-regulation to ensure that each transaction is transparent and that the appropriate due diligence and higher standards of disclosure required are observed. To ensure compliance with these requirements each transaction and agreement is reviewed and approved by a Sharia'a Supervisory Board. This Sharia'a specific regulation and governance is in addition to the conventional regulation that applies to all UK based financial institutions.



  MENA News Headlines
 Oct 4 2015 - RTA awards USD68.06m contract for Dubai Parks bridgeMENAFN
(MENAFN) The Roads and Transport Authority (RTA) has awarded a USD68.06 million contract for the construction of roads and bridges at the Dubai Parks and Resorts project in cooperation with Meraas ...

 Oct 4 2015 - Kuwait- FIFA dispatches letter to KFA †'Modify law or face suspension'Arab Times
(MENAFN - Arab Times) Kuwait Football Association (KFA) announced that FIFA dispatched a letter to the association Thursday opposing the new law that governs Kuwaiti football. The letter specified ...

 Oct 4 2015 - Kuwait- Gym Team marks birthday of mentor, spends power-packed routinesArab Times
(MENAFN - Arab Times) The Gym Team had a day of fun and powerpacked routines as they celebrated the birthday of one of its mentors, Ida Pelaud, wife of the General Manager of Radisson Blu Hotel who ...

 Oct 4 2015 - Kuwait crude up 66 centsArab Times
(MENAFN - Arab Times) The price of Kuwaiti crude oil was up by 66 cents Thursday to reach $43.04 per barrel after being at $42.38 pb the day before, said a statement by the Kuwait Petroleum ...

 Oct 4 2015 - Kuwait- GDP growth in '15 forecast to slowdown to 3.5 percent yr/yrArab Times
(MENAFN - Arab Times) Real economic growth in the UAE is forecast to slow down modestly in 2015 to around 3.5% year-on-year (y/y) in 2015, as real oil GDP growth continues to get stung by conditions ...

 Oct 4 2015 - Kuwait- NBK offers its customers valuable weekly prizesArab Times
(MENAFN - Arab Times) National Bank of Kuwait (NBK) offers its customers the chance to win valuable prizes weekly when using NBK electronic channels. In an exclusive campaign valid until 7 January ...

 Oct 4 2015 - KFH participates as primary dealer for sukuk issued by IILMArab Times
(MENAFN - Arab Times) Kuwait Finance House (KFH) participated as a primary dealer for short-term sukuk issued by the International Islamic Liquidity Management IILM worth $1.850 bln. KFH is ...

 Oct 4 2015 - Price of investment buildings in Kuwait drops, experts sayArab Times
(MENAFN - Arab Times) A number of real estate experts said here Saturday that there was a visible drop in the price of investment buildings in Kuwait due to a number of geopolitical factors and a ...

 Oct 4 2015 - Bahrain lifts meat subsidies as oil bitesArab Times
(MENAFN - Arab Times) Bahrain more than doubled the prices of beef and chicken removing meat subsidies in a politically sensitive move designed to save money as low oil prices slash the government's ...

 Oct 4 2015 - Shale producers emerge as market stabilizing elementArab Times
(MENAFN - Arab Times) Almost one year ago in November 2014, Saudi Arabia relinquished its role of swing producer and oil prices dropped by more than 50 percent. It now appears that the shale oil ...






Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help