by   Namira Samir and Imad el Fadili The World Financial Review   A recent study by Sumner (2012) suggested that approximately 960 million people from 1.3 billion poor people in the world live in Middle-Income countries. This evidence is being referred to as the “new...

Doha: Qatar is working on an ambitious initiative with Malaysia and Turkey to serve the $2 trillion global Islamic finance market by establishing hubs in the three countries using common platforms and technology. “We have a vision to cover the entire globe’s Islamic financial trans...

Doha: Qatar General Insurance and Reinsurance Company (QGIRC), one of the leading insurance service providers in the country, held a ceremony honouring the Acting CFO, Deepa Chandrashekar, after receiving a doctorate degree in Islamic Finance, as part of the company’s plan to boost employee mo...

  Gas-rich Gulf state aims to escape blockade by diversifying economy MICHAEL STOTT, Nikkei Asian Review managing editor DOHA -- Qatar is planning an ambitious new initiative with Malaysia and Turkey to serve the $2 trillion global Islamic finance market from hubs in the three countries us...

Twelve listed Saudi banks reached a 17.86 billion riyal (Dh17.5bn) settlement with the kingdom’s tax authority over the payment of religious tax called Zakat. Al Rajhi Bank, Saudi Arabia’s second-largest bank by assets, will pay the highest amount of 5.4bn riyals, followed by Riyad Bank...

India is on track to overtake the UK to become the world’s fifth-largest economy in 2018, according to data and forecasts from the IMF. Soon it will trail only Germany and the ‘big three’ – the US, China and Japan. However, the Indian banking system is gasping for breath with...

Islamic Development Bank exploring joint opportunities with other multilateral development banks to invest in India’s infrastructure sector Tue, Jun 26 2018 Utpal Bhaskar Mumbai: Islamic Development Bank Group, one of the largest lenders to Muslim countries, is interested in exploring joint...