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Asian stocks up on Europe optimism, credit - 0 views

Halal Tamweel on 06 Oct 11

TOKYO: Asian shares rose on Thursday, as optimism over Europe's efforts to aid the euro zone's financial sector and U.S. data suggesting the economy could avoid recession spurred short-covering and value-hunting.

<div class="cArrow"> </div><div class="cContentInner">TOKYO: Asian shares rose on Thursday, as optimism over Europe's efforts to aid the euro zone's financial sector and U.S. data suggesting the economy could avoid recession spurred short-covering and value-hunting.</div>

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Microfinance has potential to expand outreach: Hasnain - 0 views

Riffat Mughal on 24 Sep 11

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.

<div class="cArrow"> </div><div class="cContentInner">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.</div>

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High paid-up-capital necessary for sound financial system says Hasnain - 0 views

Riffat Mughal on 24 Sep 11

KARACHI: Syed Samar Hasnain, Director, Agricultural Credit & Microfinance Department, State Bank of Pakistan said that the paid up capital requirement set by the central bank for the microfinance banks is high. But it is necessary at the same time to ensure a sound financial system.

<div class="cArrow"> </div><div class="cContentInner">KARACHI: Syed Samar Hasnain, Director, Agricultural Credit & Microfinance Department, State Bank of Pakistan said that the paid up capital requirement set by the central bank for the microfinance banks is high. But it is necessary at the same time to ensure a sound financial system.</div>

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Tatarstan Islamic finance hub ambitions boosted - 1 views

Halal Tamweel on 15 Sep 11

LONDON: Russian republic Tatarstan's ambition to develop a Sharia-compliant market received a boost this week when the Kazan-based AK Bars Bank became the first Tatar credit to secure a murabaha loan.

<div class="cArrow"> </div><div class="cContentInner">LONDON: Russian republic Tatarstan's ambition to develop a Sharia-compliant market received a boost this week when the Kazan-based AK Bars Bank became the first Tatar credit to secure a murabaha loan.</div>

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Circular Debt: Banks agree to extend more credit to power sector - 0 views

Riffat Mughal on 05 Oct 11

ISLAMABAD: The negotiations between the government and commercial banks remained successful on Tuesday to resolve the mounting circular debt issue of Rs 400 billion in the power sector of the country.

<div class="cArrow"> </div><div class="cContentInner">ISLAMABAD: The negotiations between the government and commercial banks remained successful on Tuesday to resolve the mounting circular debt issue of Rs 400 billion in the power sector of the country. </div>

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Gold drops 1 pct after Italy, Spain downgraded - 0 views

Riffat Mughal on 08 Oct 11

NEW YORK/LONDON: Gold fell around 1 percent on Friday, as bullion investors raised cash to cover margin calls amid losses in the equity markets after Fitch downgraded the credit ratings of Spain and Italy.

<div class="cArrow"> </div><div class="cContentInner">NEW YORK/LONDON: Gold fell around 1 percent on Friday, as bullion investors raised cash to cover margin calls amid losses in the equity markets after Fitch downgraded the credit ratings of Spain and Italy. </div>

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Islamic Credit Cards: A Necessity or Luxury - 0 views

Riffat Mughal on 22 Oct 11

Islamic never encourages one to become indebted unless it is necessary. Following Ahadith show the viewpoint of Islam on debt creation, especially while it is beyond one's capacity to repay and to what extent it should be avoided and used to meet only one's necessary requirements.

<div class="cArrow"> </div><div class="cContentInner">Islamic never encourages one to become indebted unless it is necessary. Following Ahadith show the viewpoint of Islam on debt creation, especially while it is beyond one's capacity to repay and to what extent it should be avoided and used to meet only one's necessary requirements. </div>

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