Viva Kuwait signs US$270mn loan for expansion and diversification
The borrowing also includes a $ 70 million Murabaha facility, a cost-plus-profit arrangement compliant with Islamic laws...
Tag : Islamic Finance
Top 10 Tips for Managing and Making Sense of Big Data
”Big Data” refers to the unmanageable amount of data being driven by a connected world. Posted by Richard Jenkins It is becoming a challenge that companies need to address – quickly – in order to not just stay competitive, but to remain as a valid option in their sector. However, with big data comes Big Infrastructure....
Viva Kuwait Signs $ 270 Million Loan for Expansion and Diversification
The borrowing also includes a $ 70 million Murabaha facility, a cost-plus-profit arrangement compliant with Islamic laws 21st June 2013 International Finance Magazine reports on Viva Kuwait’s loan for its expansion and diversification in the market and explains the Murabaha facility and its impact on the debtor and creditor. Viva Kuwait, an affiliate of Saudi...
Hedge Funds as a Socially Responsible Investment
Hedge funds often seen as a quick way of making money for the managers; and the investors are trying to reinvent themselves as more socially conscious industry. 20th June 2013 Hedge funds are experiencing rapid growth, often referred to as an exclusive corner of the professional investment community. It is little more than a mystery...
Tackling Climate Change with a Robust Carbon Price
The need for Working towards global carbon trading Even as the first generation of the carbon market stutters, a robust price on carbon has never been more important if we are to avert dangerous climate change. Current greenhouse gas emission pledges place the world on a trajectory for warming of well over 2°C, even if...
Bank Penalties on Risk Management Failures Raise Enormously in U.K.
The Financial Conduct Authority has levied a fine of more than £ 292 million pounds ($458 million) against firms which have inadequate risk management controls. June 19, 2013 : International Finance Magazine gives you the story on LIBOR manipulation and the impact of the Financial Services Act 2012 which has given more powers to exert pressure...
Tunisia gets $ 1.2 Billion Funding From Islamic Development Bank to ‘bolster’ its Economy
The North African Country has won a $ 1.2 Billion in funding from the Saudi based Islamic Development Bank with an aim to rejuvenate its agricultural and industrial sectors in general and its economy in particular. 18th June 2013 Tunisia has won a $ 1.2 billion in funding from the Saudi based Islamic Development Bank...
Singapore “Censures” Erring Banks For Attempted Manipulation of Local Benchmark Interest Rates
Singapore’s Central Bank has censured a record 20 banks on Friday after it found that 133 traders in the city tried to rig key borrowing and currency rates. June 18,2013 : Singapore’s Central Bank has rapped 20 banks for allowing 133 traders to attempt to manipulate interest rates and foreign exchange benchmarks for a period of...
A post-2015 agenda for Asia
Asia has been enormously successful in achieving fast economic growth. But continued progress calls for an integrated stance against rising natural and social vulnerabilities. Author :Thomas, Vinod The writer is Director-General of Independent Evaluation at the Asian Development Bank, and former director-general and senior vice president of the World Bank’s Independent Evaluation Group and chief...
Tunisia gets $ 1.2 Billion Funding From Islamic Development Bank to ‘bolster’ its Economy
The North African Country has won a $ 1.2 Billion in funding from the Saudi based Islamic Development Bank with an aim to rejuvenate its agricultural and industrial sectors in general and its economy in particular. 18th June 2013 Tunisia has won a $ 1.2 billion in funding from the Saudi based Islamic Development Bank...