IslamicFinance.de

National Bank of Fujairah (NBF) has launched NBF Islamic, a service offering clients a comprehensive suite of Sharia-compliant financial solutions. All NBF Islamic products are available across the UAE and there are plans to offer Islamic banking solutions to companies and businesses across the UAE. NBF Islamic will be guided by the Sharia Supervisory Board comprising four scholars, Dr. Mohammad Ali Elgari (Chairman), Dr. Mohd Daud Bakar, Dr. Muhammad Ameen Ali Qattan and Dr. Osama Al Dereai.

Amanie Advisors opened a new office in the Egyptian capital of Cairo, having as purpose to captalise on the considerable business potential in Egypt and North Africa advising bankers and fund managers.
Dr. Mohd Daud Bakar is administring the Amanie Advisors group.
Dr. Bakar is also the Chairman of Shariah Advisory Board of Central Bank of Malaysia and Securities Commission of Malaysia as well a member of Shariah board of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI); Morgan Stanley (Dubai); Noor Islamic Bank and Takaful (Dubai); Bank of London and Middle East (London); and Jadwa-Rusell Islamic Funds (Riyad), amongst others.