As business activity picks up after the summer, we offer a summary of some of the stories we're following at the Arab Bankers Association.
ABA TV – Future of Banking groundbreaking film series
This brand new series will feature industry interviews, news-style reports along with sponsored editorial profiles. Presented by current BBC World presenter Samantha Simmonds, the programme will bring the sector to life, raise awareness of key issues and look at the sector and those that support it.
To be premiered in London, spring 2018, it will reach all parts of the banking and financial services sector across the UK, GCC, Arab States and MENA. For more information, or to feature in the programme, please contact David Ward at firstname.lastname@example.org or click http://infocusbroadcasting.com/abaintro/ to read more.
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Fitch downgraded the Republic of Lebanon to CCC on 23 August, the same day that S&P affirmed its B- rating and negative outlook. The ABA's Editor, Andrew Cunningham, considers the different views on Lebanon's financial health. The views are his own, not necessarily those of the ABA.
This is an important report, and one of its findings is that those who use Islamic finance say that they have a good experience.
A change in Jersey's tax legislation has clarified that commodity murabaha contracts that are used to strcuture Shari'ah-compliant transactions will not be subject to Jersey tax.
The Directors and staff of the Arab Bankers Association send best wishes to members and their families on the occassion of Eid el-Adha. The holiday was due to begin in most countries on 12 August and will last for four days.