Country Report: Unpopularity of Islamic Banking In Lebanon

Beirut-based Lebanese Islamic Bank started offering Shariah compliant services in 2005 by offering adequate and effective Shariah compliant alternatives to conventional banking products and services. However, ethics alone may not be enough to help the industry reach its full potential. Competing with conventional finance may prove difficult when there is no global standard in Islamic…

Islamic Finance: A Practical Guide

Islamic Finance has seen unprecedented growth in recent years and the pace of this growth is accelerating. This is evidenced not only by the size of the Islamic finance market, but also by the increasing range of sophisticated products and services. The markets for Shariah-compliant funds and takaful (Islamic insurance) are sectors in their own…

New Qatar Banking Law Paves Way For A Single Financial Regulator

Michael Kortbawi, Partner and Maamoon Ashraf, Associate at BSA Ahmad Bin Hezeem & Associates LLP (former Bin Shabib & Associates LLP) discuss Qatar’s new Central Bank Law and elaborate on some of the changes that have paved way for the Qatar Central Bank to act as as single financial regulator for Qatar’s insurance sector. A…

BSA advises Dar Al Sharia on the set up of their DIFC entity

Dar Al Sharia has launched its eagerly anticipated offices in the Dubai International Financial Center (DIFC). Dar Al Sharia is a Sharia, Legal and Financial consultancy firm consisting of an experienced team of professionals, working under the leadership and direct guidance of Shaikh Dr. Hussain Hamed Hassan. CEO of Dar Al Sharia, Sohail Zubairi commented,…