IRTI, Dar Al-Sharia to develop Islamic finance solutions

IRTI DG Dr. Humayon Dar, right, and Dar Al-Sharia CEO Mian Muhammad Nazir, shortly after signing the MoU in Jeddah.
Updated 10 September 2018
0

IRTI, Dar Al-Sharia to develop Islamic finance solutions

A memorandum of understanding (MoU) has been signed between the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group and Dar Al-Sharia for strategic collaboration in various aspects of Islamic finance advisory.

The MoU was signed by IRTI Director General Dr. Humayon Dar and CEO of Dar Al-Sharia Mian Muhammad Nazir, during a ceremony at the IsDB headquarters in Jeddah.

The MoU will facilitate collaboration between the two institutions to promote and develop cutting-edge Islamic financial solutions including structuring and developing new products, undertaking research and capacity building, as well as developing Shariah governance for Islamic financial institutions and other relevant stakeholders.

In addition, IRTI and Dar Al-Sharia will also jointly provide Islamic finance advisory services to Islamic financial institutions, multilateral financial institutions, sovereigns and quasi-sovereigns, corporate entities, development funds, regulators, Fintech companies, educational institutions and other clients offering Shariah-compliant products and services.

Dr. Dar said: “IRTI is happy to have this strategic collaboration with Dar Al-Sharia. Given IRTI’s pioneering role in the Islamic finance industry, we will bring to the table our deep and world-renowned experience and expertise to work with Dar Al-Sharia to develop innovative Islamic finance solutions.”

Nazir said: “The strategic collaboration with IRTI is a landmark initiative toward the development of a sustainable platform for innovation to support the rapidly growing Islamic finance industry.”


Emaar marks Saudi National Day with offers

Burj Khalifa will feature the Saudi national flag on its LED screen to celebrate the Kingdom’s National Day
Updated 19 September 2018
0

Emaar marks Saudi National Day with offers

Emaar is celebrating the Saudi National Day from Sept. 20-23 with an assortment of activities and offers for Saudi visitors and UAE residents. 

The highlights of the activities include Burj Khalifa featuring the Saudi national flag on its LED screen, the world’s largest-of-its-kind, while the Dubai Fountain will come to life with specially choreographed displays. The shows will be held at 8.10 p.m., 9.10 p.m. and 10.10 p.m. in addition to the regular displays. Residents of Saudi Arabia also enjoy a host of offers to play, stay and shop at Downtown Dubai.

Complementing the leisure activities, visitors can also look forward to attractive offers at the hotels under Emaar.

To mark this special occasion, The Dubai Mall has created a Saudi National Day Offer Booklet exclusively for Saudi nationals, which includes a range of dining deals and shopping offers. Distributed at guest services desks, Saudi nationals can collect this booklet by simply showing their national ID. In addition, branded memorabilia and light hospitality will be offered to Saudi guests. 

A traditional Saudi band will entertains guests in Souk Atrium of The Dubai Mall.