RIYADH: A new screening method for sukuk aims to reduce the cumbersome approval process that these instruments often require.
ISLAMIC banks have the potential to extend their role from credit intermediation to the investment front where alternative modes of risk-sharing contracts can be offered.
KUALA LUMPUR: Bank Negara Malaysia is not pushing for the setting up of mega Islamic banks, said its governor Tan Sri Dr Zeti Akhtar Aziz.
KUALA LUMPUR: Former banker, Datuk Dr Abdul Halim Ismail was named the recipient of the prestigious Royal Award for Islamic Finance last night, for his role in establishing the organisational structure and operating procedures of the country’s first Islamic bank in 1983.
KUALA LUMPUR: Maybank Islamic Bhd has dimissed speculations that it is in talks with Bank Islam Malaysia Bhd over a potential merger and acqusition (M&A).
SYDNEY: Australia’s central bank kept interest rates on hold at a record low 2.5 per cent yesterday as it flagged an accommodative monetary policy and stepped up its rhetoric against the local dollar.
SINGAPORE: Credit Suisse Group AG lost a bid to dismiss a suit by a former private wealth client who is accusing the bank’s unit of failing to explain the risks of a complex investment product.
FRANKFURT: Airline Emirates is not interested in investing in the international operations of Qantas, the carrier’s chief commercial officer (CCO) said on Monday.
FOREIGN companies are increasingly concerned they are being targeted by Chinese regulators, a United States business lobby said yesterday, as a Chinese antitrust agency defended probes into firms such as US chipmaker Qualcomm Inc.
KUALA LUMPUR: As banks around the world gear up to meet tough Basel III regulatory standards, Islamic lenders face a source of uncertainty that could prove expensive for them: how regulators will treat their deposits.
THE European Central Bank (ECB) is gearing up to buy “simple, transparent and real” asset-backed debt. The success of its bid to breathe life into the market will depend on how regulators from Basel to Brussels define those terms.
GENEVA: Switzerland said on Monday it had completed a programme to pay Britain and Austria hundreds of millions of euros in settlements for past tax-dodging by their citizens.
BRUSSELS: European Union (EU) antitrust regulators are asking Facebook’s rivals and telecoms operators whether the world No. 1 online social network’s proposed US$19 billion (RM60.2 billion) bid for mobile messaging start-up WhatsApp will lead to price hikes and curb innovation.
HOMEGROWN test equipment manufacturer Vitrox Corp Bhd will be seeking shareholder approval to acquire land for a new campus at Batu Kawan on mainland Penang.
KUALA LUMPUR: The Malaysia External Trade Development Corp (Matrade) is targeting a conservative RM166.15 million from Malaysia’s participation in the upcoming 11th China-Asean Expo 2014 (Caexpo 2014).
PUBLICINVEST Research lowered its call on Sime Darby Bhd from “outperform” to “neutral” after revising crude palm oil (CPO) price assumption for the conglomerate from RM2,750 to RM2,500 per tonne for financial year (FY) 2015 and RM2,550 per tonne for FY16.
- 1 of 212
- next ›