Saudi Arabia raises $4.5 billion in its first domestic sukuk issuance
Moody’s terms development credit positive for Islamic banks...
Tag : Islamic Finance
The Rise of a Telecom Billionaire
Carlos Slim’s net worth is equivalent to 7 % of Mexico’s GDP and for Bill Gate’s to have a same grip on the U.S. economy he would need 909 billion and own Alocoa, Philip Morris, DoNuts, Citi Bank, Marriott and Jet Blue....
More sovereign sukuk on the way
This was the opinion of delegates at the IFM’s summit on Islamic finance - Tim Evershed...
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...
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...
Laos and World Bank to end poverty and build shared prosperity
Lao PDR has made significant strides in relation to poverty reduction. July 15, 2013: The World Bank Group and the Lao PDR have forged a constructive partnership for development lasting more than five decades, during which time, the Lao PDR has made significant strides in relation to poverty reduction. It has reduced the poverty headcount from almost half...
The Note in your Wallet- Full Speech by Chris Salmon
Chris Salmon, Executive Director for Banking Services and Chief Cashier, Bank of England , At the Plymouth Chamber of Commerce. June 19, 2013: I would like to thank Victoria Cleland, Mona Naqvi, Roy Whymark and Kevin Wills for their contributions and am grateful for helpful comments from other colleagues. I am grateful to you for...
Central Counter-Parties what are they, why do they matter and how does the Bank supervise them?’
Benefits of Central Counter-parties. June 19, 2016: Financial market infrastructures lie at the heart of the financial system. They settle transactions and, by stepping in between buyers and sellers, ensure that financial obligations are met. As such, they play a crucial role in helping the economy and financial markets to function. Central counterparties (CCPs) –...
Republic of Panama to host Japanese delegation
To launch negotiations on bilateral agreement May 20, 2016: The Republic of Panama will host an official delegation from Japan visiting Panama City as both countries begin negotiations to establish a bilateral Tax Information Exchange Agreement (TIEA) on Friday, May 20, 2016. The announcement follows a visit last month to Japan by Panama’s President Juan...