SBP Plans Deposit Protection Body for Islamic Banks
The central bank on Monday unveiled a framework to protect depositors of Islamic banks in case of a financial institution’s bankruptcy, promising a protection...
Climate Finance Deficit Could be Plugged by Green Sukuk
In 2015, 195 countries signed the historic Paris Agreement on tackling climate change, an ambitious attempt to build on the United Nations Framework Convention...
Dilip Rao: Ripple can help Islamic banks transform their systems and...
Blockchain technology of Ripple has been seen as an innovation with lots of prospects in it. It has also been recognized as a boost...
SECP Enforces New Regulations for Islamic Financing
The Securities and Exchange Commission of Pakistan (SECP) on Friday put into effect a new regulatory framework, called Shariah Governance Regulations 2018, to encourage...
Oman’s Duqm Refinery signs $4.6 bln Sharia-compliant project financing
Oman’s Duqm Refinery said on Saturday it had signed a $4.61 billion multi-sourced Sharia-compliant project financing agreement.
“The financing is provided by 29 reputed financial...
REC Raises $700 Million in Largest Dollar Bond Transaction by an...
State-owned power sector financier Rural Electrification Corporation (REC) announced it has raised $700 million (around Rs 5,140 crore) through a 5-year bond under the...