Saudi Central Bank Introduces Two Documents Aimed at Regulating Crowdfunding Platforms and Activity in the Kingdom

The Saudi Central Bank (SAMA) introduced two official documents in December 2020 aimed at regulating Crowdfunding platforms and activity in the Kingdom. The documents include Rules for Engaging in Debt-Based…

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Bank Negara Malaysia Pioneers Comprehensive and Robust Licensing Framework for Islamic Digital Banks

Malaysia inched forward to licensing the first digital banks (DGs) in the Islamic Development Bank (IsDB) member countries, when Bank Negara Malaysia (BNM) issued a Policy Document on Licensing Framework…

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Bank of England Rolls Out Alternative Liquidity Facility for Islamic Banks after Long and Comprehensive Process of Consultation and Development

The supervision and regulation of Islamic financial institutions (IFIs), especially in non-traditional markets, took a major step forward as the Bank of England rolls out its pioneering Alternative Liquidity Facility…

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