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GCC Tackles Global Financial Crisis

Khalid A. Al Bassam, Chairman of Bahrain Islamic Bank and former Deputy Governor of Central Bank of Bahrain

Oil producing countries are not about to go out of business just yet with some governments guaranteeing stability

Markets across the globe have fallen in October 2008 and GCC markets have not been able to escape this adverse global market impact. Government intervention cannot be avoided for the time being and this has been exemplified in both the United States and Europe. Many governments and central banks around the world, including the GCC, have intervened to support their financial...

Breaking Down Barriers

A new and innovative financial institution vows to break any barrier to the development of Islamic finance

Delivering innovative, high quality, risk adjusted, and Sharia’a compliant products to the GCC market is no easy task but Tharawat Investment House, a newly established financial institution, has taken on the challenge. Tharawat Investment House (Tharawat), based in the Kingdom of Bahrain and regulated by the Central Bank of Bahrain (CBB), was launched in July 2008 as a Sharia’a compliant investment company. Tharawat authorized capital is US$100 million and paid up capital of...

Takaful In High Demand

Younis Jamal Al Sayed, CEO of Takaful International Company

Takaful’s growth will continue despite all market pressures, at least until 2012
Having a long experience in a business field is a cherished asset by the shareholders of all financial intuitions. Younis Jamal Al Sayed, CEO of Takaful International Company in both Bahrain and Kuwait, has had a lasting impact on the Takaful industry by pioneering this line of business in Bahrain. In an exclusive interview with BUSINESS LIFE, Jamal revealed his vision of Takaful, which is a Shariah compliant insurance business. He also spoke about the problems and the possible solutions facing the sector...

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