logo
Islamic Finance

Islamic Finance

The digital upstart is tapping into the UAE's position as the world's 4th-largest Islamic finance hub, with the sector's assets comprising 23% of total banking assets in the country

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Majed Julfar is back with Deutsche Bank as Chief Country Officer
Majed Julfar is back with Deutsche Bank as Chief Country Officer

Arabian Business

time22 minutes ago

  • Arabian Business

Majed Julfar is back with Deutsche Bank as Chief Country Officer

Majed Julfar is back with Deutsche Bank, after he was announced as the bank's new Head of Corporate Coverage for the Middle East and Africa (MEA) and Chief Country Officer (CCO) for the United Arab Emirates (UAE). A statement from the bank said Julfar will be based in Dubai and lead Deutsche Bank's Corporate Bank client coverage strategy across the region and act as the bank's most senior representative in the UAE, responsible for overseeing the local franchise across all business divisions and entities. Julfar returns to Deutsche Bank Julfar replaces Kees Hoving, who retired earlier this year, as the UAE's chief country officer. With more than 25 years of experience in corporate and investment banking across the region, Julfar re-joins the bank from Etihad Credit Insurance, where he worked since 2019 and was the Director of Trade Credit Insurance and Export Finance. In his previous role with Deutsche Bank, he held senior positions in the Investment Bank coverage team, managing key regional client relationships. Julfar has also had senior leadership stints with Emirates NBD, Dubai Bank, and ABN AMRO Bank. Jamal Al Kishi, Chief Executive Officer (CEO) for Middle East & Africa, commented: 'Majed's appointment reflects the strength of our commitment to the UAE and the wider MEA region. His deep client relationships and understanding of regional markets will be critical as we continue to grow our business and deliver best-in-class solutions to our clients.' Chintan Shah, Head of Corporate Coverage APAC & MEA, added: 'Majed's leadership will strengthen our ability to align global product capabilities with local client needs. His appointment supports our strategy of building a highly coordinated, client-focused coverage model across the MEA region.'

Dubai real estate: Madar Developments launches $54.5mn Tulip Oasis X Residences in Majan District
Dubai real estate: Madar Developments launches $54.5mn Tulip Oasis X Residences in Majan District

Arabian Business

time22 minutes ago

  • Arabian Business

Dubai real estate: Madar Developments launches $54.5mn Tulip Oasis X Residences in Majan District

Madar Developments has launched Tulip Oasis X Residences, a 127-unit residential development in Majan, Dubai, with a gross development value of AED 200 million. The UAE-based real estate developer, which has operated in the UAE's real estate sector for 35 years, announced the project as the tenth edition in its Tulip Oasis collection. The company has delivered nine Tulip Oasis residential properties, generating over AED 1 billion in gross development value. Madar unveils Tulip Oasis X Residences Several projects sold out within weeks of launch. The brand has contributed to a 20-30 per cent increase in property values across the Majan district. Previous Tulip Oasis projects were completed in Dubai Silicon Oasis, Al Furjan, and Dubailand. The development follows what the company describes as a location-focused approach driven by demand and supported by in-house delivery capabilities. Tulip Oasis X Residences is scheduled for completion by Q2 2026. The development comprises 79 one-bedroom and 48 two-bedroom apartments designed for UAE residents and families seeking a community lifestyle and living experiences. Each unit has been designed to maximise space whilst offering a modern aesthetic. The interiors feature a natural colour palette and are designed for function and comfort. Apartments include Armani silver tiles, brushed graphite fittings, dark oak wood accents, and slate Pietra countertops. Residents will have access to wellness and leisure amenities, including a temperature-controlled swimming pool with sunken seating, sauna, plunge pool, fitness centre, bicycle parking, and entrance lobby. View this post on Instagram A post shared by Madar Developments (@madardevelopments) The property offers views of Dubai's skyline and is positioned in Majan, which the company describes as one of Dubai's growing neighbourhoods. The location provides access to Dubai Marina, Mall of the Emirates, Dubai Mall, Dubai Hills Mall, Dubai International Airport, and other business, commercial and leisure districts. 'This project builds on the success of our previous developments and reflects what Madar Developments is known for – trust and reliability, thoughtful design, and homes that balance function with a sense of understated quality. Over the years, our developments have earned the trust of residents and investors alike, and Tulip Oasis X Residences is a testament of our legacy,' Eliyas Faddul, Director at Madar Developments said. Buyers and investors will be offered a tailored payment plan, including a 40/60 payment plan.

BingX launches $150mln Shield Fund to set a new benchmark for user protection
BingX launches $150mln Shield Fund to set a new benchmark for user protection

Zawya

time29 minutes ago

  • Zawya

BingX launches $150mln Shield Fund to set a new benchmark for user protection

UAE, Dubai – BingX, a leading global cryptocurrency exchange and Web3 AI company, has introduced the Shield Fund, a permanent $150 million safety reserve designed to safeguard users against unexpected incidents, including technical vulnerabilities, security risks, or malicious cyber threats on the platform. Unlike conventional insurance models, the Shield Fund is entirely self-funded and always active, enabling BingX to respond swiftly and uphold a high level of security for its users. This initiative underscores BingX's commitment to transparency, accountability, and its unwavering user-first vision. Built with long-term sustainability in mind, the Shield Fund features continuous internal audits and dynamic risk assessments. It offers BingX users an added layer of real-time protection and peace of mind, solidifying BingX's position as a leader in secure and responsible crypto trading. "The launch of the BingX Shield Fund is a strategic extension of our user-first vision. It is not simply a financial safeguard it is a symbol of how we view responsibility at scale," said VivienLin, Chief Product Officer at BingX. "We are reaffirming our commitment to building a secure, transparent, and forward-thinking trading environment. As our platform grows, so does our duty to empower users with tools and systems that ensure confidence, resilience, and long-term trust." Following the implementation of Proof-of-Reserve, the Shield Fund represents the next chapter in BingX's ongoing mission to elevate platform integrity and user protection. Together, these initiatives form a robust foundation for a more transparent, secure, and accountable trading environment. Looking ahead, BingX remains committed to delivering proactive safety measures and pioneering infrastructure innovations to safeguard user interests. About BingX Founded in 2018, BingX is a leading crypto exchange and Web3 AI company, serving a global community of over 20 million users. With a comprehensive suite of AI-powered products and services, including derivatives, spot trading, and copy trading, BingX caters to the evolving needs of users across all experience levels, from beginners to professionals. Committed to building a trustworthy and intelligent trading platform, BingX empowers users with innovative tools designed to enhance performance and confidence. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports sponsorship. For media inquiries, please contact: media@

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store