Sun, Dec 21, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory more

UAE rolls out new banking guidelines

Posted on 19 November 2010

From Ameinfo.com: The UAE’s central bank has unveiled new guidelines regarding provisions and loans in line with the Basel Committee on Banking Supervision standards, Reuters has reported.
“All banks and other financial institutions are required to make provisions, specific or general, required for this regulation and deduct them from the profit and loss account at the end of each quarter and not delay them till the end of the financial year,” the central bank said in a statement……………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
293031