The economic shutdown resulting from the COVID-19 pandemic across countries, has caused a huge impact on various industries which are cutting down production and jobs due to diminishing demand and cash flow constraints. The Islamic finance industry is not spared. Before the pandemic, there has been a steady growth in demand for Shariah-compliant products and…
Moreover, with major global equity indices having dropped by over 30% in the last 3 weeks, and given that a considerable number of investors may turn to long-term investment opportunities, the broker has decided to offer swap-free accounts to all its clients with long-term strategies on indices. This measure will cut overnight fees on indices,…
Counter-terrorism police in the UK are investigating far-right groups accused of trying to use the coronavirus crisis to stoke anti-Muslim sentiment. The monitoring group Tell Mama said that in March it recorded dozens of incidents of far-right groups allegedly trying to put blame on British Muslims for the spread of the virus.
Some of broadband ISP Virgin Media’s UK mobile customers are complaining after they were suddenly issued with a replacement SIM card that doesn’t work in their handsets, instead resulting in a “SIM not valid” message on the screen. The problem is mostly affecting those with older phones, many of which are elderly users.
The Islamic Development Bank has moved rapidly to put together a $2.3bn package of support for its member countries in response to the economic and health attrition caused by Covid-19. Twenty-one African countries will benefit from the support. Report by Mushtak Parker
PETALING JAYA: Malaysian Islamic banks are expected to remain resilient amid the coronavirus (Covid-19) fallout, underpinned by heavy concentration on retail financing, according to Moody’s Investors Service.
“Wife Swap” is returning for its second season on Thursday, Feb. 13 at 9 p.m. The series, with its fairly self-explanatory title, tends to create drama and insight into various sociopolitical issues that otherwise might not have come to light.
Islamic banking has been a growing feature of international finance for many years and now efforts are underway to introduce it in Australia. A group of Muslim-Australians and industry veterans are behind efforts to establish the country’s first Islamic bank as an “ethical alternative” to conventional banking.
Russell Wilson isn’t some sort of seer, but he doesn’t believe that any of this is happening by mistake, either. And so his approaching Greg Olsen, just before Seattle took the ball at its own 25 with 3:59 left, down 31-30? That was more than just a quarterback giving his teammate a pat on the…
The bank account is probably one of the universal signs of adulthood. In the modern age, it’s impossible to do your job, get paid, and manage your finances without a bank account. The policies, rules, and services available to clients depend from one bank to another or from one country to another. These differences are…