Mon, Sep 22, 2014
A A A
Welcome bhaimia
RSS

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

QFCRA fines Al Mal Bank, withdraws authorisation

Posted on 07 May 2010

From Cpifinancial.net: Qatar Financial Centre Regulatory Authority (QFCRA) has imposed fines amounting to $506,000 on Al Mal Bank and withdrawn its “authorisation” for violating rules laid down by the Regulatory Authority
The disciplinary action follows an investigation which identified “serious and systemic contraventions by Al Mal of the regulations and the rules of the Regulatory Authority,” the QFCRA said in a statement. “Al Mal was authorised on the 3rd December 2008 as an Islamic Financial Institution to conduct Islamic Financial Business……………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930