This article is a chapter out of the e-book, “Impacts of the COVID-19 outbreak on Islamic finance in the OIC countries” that is available as a pdf download from HERE. Read the article in the e-book for the complete set of tables, charts and references.
The Covid-19 pandemic has forced the majority of traders to work from home or back-up sites, but it hasn’t stopped them trading in record volumes. Extreme volatility though March was matched by a surge of activity as traders repositioned portfolios for dramatic rate cuts and a deteriorating economic backdrop.
The federal judge targeted by an anti-feminist lawyer has spoken of the moment she watched her son die in the doorway of her family home. As her husband keeled over with a gunshot wound, US District Judge Esther Salas got to the floor next to her 20-year-old son, Daniel Anderl, when she lifted his shirt…
Reduced global oil prices are still impacting economic growth in Bahrain, even as the Gulf state continues to diversify its economy. However, an influx of money from the country’s neighbours, in the form of long-term, interest-free loans – not to mention a fiscal reform policy put in place by the government in 2018 – has…
HIGH street shoe brand Clarks has said they will allow parents to swap out shoes their kids have outgrown for free. Here’s what you need to know about the announcement by the company. Why are Clarks doing this – and how will the scheme work?
Several of Alibaba Group Holding Ltd.’s biggest investors have converted billions of dollars in U.S. shares for Hong Kong stock in part to avoid potential U.S. sanctions and de-listings of major Chinese technology companies.
PETALING JAYA: The Group of 25 Eminent Malays (G25) has recorded its appreciation and support for Sultan of Perak, Sultan Nazrin Muizzuddin Shah, who advised that fatwas should take into account the views of all stakeholders in society.
By Liz Lee 3 Min Read KUALA LUMPUR (Reuters) – Iran, Malaysia, Turkey and Qatar are considering trading among themselves in gold and through a barter system as a hedge against any future economic sanctions on them, Malaysian Prime Minister Mahathir Mohamad said on Saturday.
Financial inclusion is the measure of the proportion of individuals and firms that use financial services. It includes not only a bank account but also access to formal financing. In developing countries, financial inclusion helps reduce income inequality and boost inclusive economic growth. It provides the formal banking segment with a broader way to reach…
The COVID-19 pandemic is a tragic health crisis causing irreversible damage to the global economic and financial system. It is also worsening trade restrictions and reducing trade volumes globally. Coupled with the scarcity of financing in general, and trade financing in specific, coronavirus is causing serious damage to developing economies.