The Future of Islamic Banking Sector - 0 views
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Riffat Mughal on 05 Oct 11Shayne Nelson, Regional CEO, MENA, Standard Chartered talks about the future of Islamic Banking sector after the great financial crisis.
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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.
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.
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.
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.
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.
Global Islamic funds' assets up 7.6 pct in 2010-E&Y - 0 views
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DUBAI: Assets held by global Islamic funds jumped 7.6 percent in 2010 to $58 billion, reflecting new money inflows and strength in fixed income, commodities and other alternative investments, Ernst & Young said on Monday.
Islamic finance industry facing challenges - 0 views
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DUBAI: Growth of the global Islamic asset management industry will likely halt or reverse this year as the industry struggles with poor sentiment in financial markets and lacklustre interest among Islamic institutional investors, said Jahangir Aka, senior executive officer at asset management firm SEI Investments.
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.
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.
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.
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.
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.
ADB projected moderate economic growth - 0 views
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KARACHI: The Asian Development Bank (ADB) has presented a modest economic growth forecast of 3.7 percent for Pakistan for FY12, lower than government's target of 4.5 percent.
Tatarstan Islamic finance hub ambitions boosted - 1 views
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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.
Inflation likely to reverse after SBP decision - 0 views
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KARACHI: The recent decision of State Bank of Pakisan (SBP) to bring flexibility in monetary stance could spur economic growth slightly but it is likely that inflation could again pick up its momentum due to expected increase in liquidity position, according to the Arif Habib research note.
NEPRA approves wind power tariffs - 0 views
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ISLAMABAD: Identifying the investment opportunities in alternate energy, National Electric Power Regulatory Authority (Nepra) has approved upfront tariffs for wind power projects on Thursday.
Lotte eyes increase in import tariffs - 0 views
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SINGAPORE: Lotte Pakistan PTA (LOTPTA) depends on government's decision to increase import tariffs to expand investments in its purified terephthalic acid (PTA) production capacity to 1.5 million tons per year industry, said the report published in ICIS news.
Shariah Compliance: A Human Resource Perspective - 0 views
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Investment in stocks is permissible in Islam. However, forwards, futures, options, swaps, short selling etc in stock trade cannot be used.
Dubai's Tamweel plans up to $500mln Sukuk in Q4 - 0 views
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DUBAI: Islamic mortgage lender Tamweel, whose shares resumed trading in May, will issue a $300-$500 million sukuk, or Islamic bond, in the fourth quarter, the acting chief executive of the Dubai-based company said on Tuesday.
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