Wednesday, August 15, 2018 - The Islamic Finance Gateway (IFG) Briefing, published from Sunday to Thursday, carries the latest market-moving news and data for institutions offering Islamic financial services.
EDITOR'S CHOICE AAOIFI adoption set to standardise UAE Islamic finance
The adoption of Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) Shariah standards by the United Arab Emirates' Islamic finance industry is a “landmark” development that will lead to standardisation across a highly fragmented sector, analysts said. - Salaam Gateway
Al Rajhi Bank limits lending ahead of Saudi economic reforms
Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, expects low-single digit loan growth for the rest of 2018 as it curtails its loans while economic reforms take shape. - RTRS - Zawya
Dana Gas Q2 net profit falls on sukuk restructuring costs
United Arab Emirates-based energy company Dana Gas reported a 14 percent decrease in second quarter net profit on Tuesday, citing one-off sukuk restructuring costs. - RTRS
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(Prepared by Tina Kwan) A service of Thomson Reuters and Zawya Islamic Finance Gateway. The contents of this Briefing are independently compiled by the Thomson Reuters and Zawya Islamic Finance Gateway Service, a business of the Global Growth and Operations Division. While material is drawn from Reuters News and other sources, Reuters has not participated in the selection of these articles.
