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Riffat Mughal

NBFI, MAP stress on comprehensive Shariah Compliance system - 0 views

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    ISLAMABAD: The non-bank financial institutions (NBFI) and Modaraba Association of Pakistan (MAP) Tuesday stressed the need for comprehensive system of Shariah compliance to keep intact the confidence of the stakeholders in the Islamic financial system.
Riffat Mughal

Oil, gold lead commodity gains as outlook improves - 0 views

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    SINGAPORE: Oil and gold led gains in commodities in Asia on Tuesday as investors bet Europe's plan to shore up banks would reduce the risks of a widespread banking crisis in the euro zone, prompting investors to reduce holdings of the U.S. dollar.
Halal Tamweel

International links may help Turkey's Islamic bank sector - 0 views

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    ISTANBUL: Turkey's Islamic banks could continue their recent strong growth if they can cultivate stronger ties with their international owners and create a sustainable brand image, in Standard & Poor's Ratings Services' view.
Halal Tamweel

Malaysia sells 4 bln rgt sukuk at avg 3.375 pct - 0 views

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    KUALA LUMPUR: Malaysia has sold 4 billion ringgit ($1.31 billion) in Islamic government bonds maturing in 2016 at an average yield of 3.375 percent, the central bank said on Wednesday.
Riffat Mughal

Pakistani forex reserves fall to $17.79bln - 0 views

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    KARACHI: Pakistan's foreign exchange reserves fell to $17.79billion in the week ending Sept. 10, from $18.06 billion in the previous week, the central bank said on Thursday.
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    KARACHI: Pakistan's foreign exchange reserves fell to $17.79billion in the week ending Sept. 10, from $18.06 billion in the previous week, the central bank said on Thursday.
Halal Tamweel

SBP withdraws gold and cash collateral requirement for MFBs loans - 0 views

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    KARACHI: The State Bank of Pakistan (SBP) has withdrawn the general provision requirements for loans extended by Microfinance Banks (MFBs) against gold or other cash collateral. In case of all other loans, SBP has reduced the general provision requirement for MFBs by 50 basis points.
Riffat Mughal

Finance Minister meets IMF, World Bank leaders - 0 views

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    WASHINGTON: Finance Minister Dr Abdul Hafeez Shaikh met with leaders of major financial institutions here on Thursday during the IMF-World Bank meetings and discussed cooperation for Pakistan's development.
Riffat Mughal

The Future of Islamic Banking Sector - 0 views

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    Shayne Nelson, Regional CEO, MENA, Standard Chartered talks about the future of Islamic Banking sector after the great financial crisis.
Riffat Mughal

Asia stocks up on Europe efforts to aid banks - 0 views

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    TOKYO: Asian stocks rebounded from steep losses over the past several sessions on Wednesday, after tentative signs that European leaders are stepping up their efforts to stop the region's sovereign debt woes from sparking a full-blown banking crisis.
Halal Tamweel

Asian stocks rise, euro steady on Europe bank moves - 0 views

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    SINGAPORE: Asian stocks rose on Friday and the euro clung to gains from a 2-cent rally after euro zone policymakers moved to shore up struggling banks and fend off a financial crisis.
Riffat Mughal

Shares rise after china bank move, euro firm - 0 views

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    SINGAPORE: Asian shares rose on Tuesday after China moved to support its stock market by buying shares of major banks, and the euro held the previous session's big gains on hopes that European leaders are finally taking action to protect the continent's lenders.
Riffat Mughal

Al Baraka launches Business Plus Account - 0 views

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    KARACHI: Al Baraka Bank Pakistan Limited (ABPL) has announced the launch of Al Baraka Business Plus Account. This is a new addition to its existing comprehensive product portfolio set on the basic principles of Mudaraba, tailored to suit the business needs.
Riffat Mughal

Shariah Finance: An Alternative In The Making - 0 views

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    While clinging to its present marginal position in the mainstream of global financial markets, Islamic banking and Islamic finance has a long way to go to transform itself into a major player, mainly through standardization, uniformity, governance, transparency and innovation, in addition to consolidation.
Riffat Mughal

Pakistan's broad money (M2) grew by 15.89 percent - 0 views

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    KARACHI: Pakistan's broad money (M2) grew by 15.89 percent year on year (YoY) to Rs 917.961 billion during FY11 as against 12.46 percent YoY to Rs 640.015 billion in FY10, State Bank of Pakistan (SBP) provisional data revealed.
Riffat Mughal

Pakistani forex reserves fall to $17.64bln - 0 views

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    KARACHI: Pakistan's foreign exchange reserves fell to $17.64 billion in the week ending Sept. 17 from $17.79 billion the previous week, the central bank said on Thursday.
Riffat Mughal

Adoption of reforms agenda must for economic stability: ADB - 0 views

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    ISLAMABAD: Pakistan's economic outlook is positive, however needs adherence to the national economic reforms agenda to overcome the challenges it has been facing currently, newly appointed Country Director Asian Development Bank (ADB) said here on Thursday.
Halal Tamweel

Pakistan's forex reserves fall to $17.35bln - 0 views

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    KARACHI: Pakistan's foreign exchange reserves fell marginally to $17.35 billion in the week ending Oct. 1 from $17.38 billion the previous week, the central bank said on Thursday.
Halal Tamweel

Japan's Mizuho applies for Shariah Compliant services license in Malaysia - 0 views

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    KUALA LUMPUR: Banks from Japan to Bahrain plan to set up offices in Malaysia to take advantage of the growth in Islamic finance assets in the world's biggest sukuk market.
Halal Tamweel

FDI falls to $21 million during August - 0 views

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    KARACHI: Foreign Direct Investment (FDI) continued its declining trend and went down to $21 million in the month of August against $91 million in the previous month, according to the latest data issued by State Bank of Pakistan (SBP).
Riffat Mughal

Microfinance has potential to expand outreach: Hasnain - 0 views

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    KARACHI: Microfinance industry in Pakistan is a growing industry and it is currently serving approximately two million customers said Syed Samar Hasnain, Director, Agricultural Credit & Microfinance Department, State Bank of Pakistan.
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