More sovereign sukuk on the way
This was the opinion of delegates at the IFM’s summit on Islamic finance - Tim Evershed...
Tag : international Finance magazine
Yahoo reveals world’s biggest data breach
Happened in 2014 and at least 500 million users were affected IFM Correspondent September 23, 2016: Yahoo, the California-based tech giant, on Thursday said personal information of at least 500 million users was stolen in an attack on its accounts in 2014. The attacker was a ‘state-sponsored actor’, and stolen information may include names, e-mail...
Islamic funds are not just an alternative
Their success is turning them into a source of competition for the conventional funds industry Camille Paldi September 22, 2015: More than 750 Islamic Investment Funds have been established around the world with assets under management (“AUM”) totaling approximately $60 billion compared to 70,000 conventional funds with AUM of $19trillion. Currently, a wide variety of...
Oman SME Summit 2015: Opportunities galore
As the Gulf nation presses ahead with diversifying its oil-dependent economy, be there on September 13-14 to see what’s in it for you In today’s fast-paced and dynamic market environment, SMEs undoubtedly play a vital role. Though the term needs no explanation, for the sake of clarity, Small and Medium-sized Enterprises (SMEs) are non-subsidiary, independent...
United States, Canada and UK are best countries for social entrepreneurs
Sector steadily growing but lack of understanding and Brexit may hamper growth September 19, 2016: The US, Canada and the UK are the best countries to be a social entrepreneur according to the results of a global perception poll by the Thomson Reuters Foundation conducted in partnership with Deutsche Bank, UnLtd, the Foundation for Social...
Brazil’s Growing Trade Needs Better Infrastructure and More Investments
Brazil benefited from a high global demand for commodities, such as minerals and food products. But if it weren’t for that, the country wouldn’t have performed so well. Think of a ton of soybeans being transported from the fields of Mato Grosso do Sul – a state neighboring Paraguay – to the ports of Santos...
Brazil takes a $27 billion hit
That’s the cost of the Petrobras scandal to the world’s seventh largest economy Kamilia Lahrichi April 8, 2015: The Petrobras oil scandal, which sparked massive protests across Brazil against the government’s corruption and the economic slowdown, has cost $27.1 billion to the GDP of the world’s seventh largest economy, according to an April 2015 study...
Are banks ready for the era of open banking?
The Open Banking Standard Group seems to be making headway in bringing more transparency and openness to the sector Winston Bond September 16, 2016: It has long been held that the workings of the financial sector are so opaque that the average person is more likely to get a divorce than to switch banking providers....
Avis Budget Group to acquire France Cars
Will make the company second largest light commercial vehicle fleet in France September 15, 2016: Avis Budget Group, a leading provider of vehicle rental services, announced it has agreed to purchase France Cars, a privately-held vehicle rental company based in France, to significantly expand its presence in the French market. Terms of the transaction were...
Tramonex selects Saxo Payments for cross border transfers
Low fees, quick transfer times and leading FX rates benefit customers of international cash management solutions provider September 15, 2016: Tramonex, the international financial services provider, has partnered with global transactions services provider, Saxo Payments, for segregated client accounts in 25 currencies, and FX liquidity. As part of Tramonex’s vision to shift away from classical...