Saudi Arabia plans to issue an international sukuk, or Islamic bond, in the first quarter of 2018, said the head of the debt management office, according to the Maaalfinancial news website. Saudi Arabia issued its debut international sukuk earlier this year,…
KUALA LUMPUR - Prime Minister Najib Razak announced Malaysia's 2018 budget on Friday, presenting government plans to tackle rising costs and to contain the country's fiscal deficit. The government also on…
RIYADH (Reuters) - Citigroup (C.N) wants to hire up to 20 bankers in Saudi Arabia, where it plans to formally begin operations in the first quarter after obtaining an investment…
SINGAPORE: Singapore does not plan to regulate cryptocurrencies such as bitcoin, but will remain alert to money laundering and other potential risks stemming from their use, the head of the…
Arab Petroleum Investments Corporation (Apicorp) has set the final spread for its planned $500 million five-year sukuk at 100 basis points over mid-swaps, a document issued by one of the…
Saudi Arabia’s central bank has joined an international standard-setting body for Islamic finance, a move that could help standardise industry practices and ease cross-border transactions in the Kingdom. The Bahrain-based…
KUALA LUMPUR: A revised trade credit insurance/takaful framework will be issued by year-end or early next year, said Bank Negara director of Islamic banking and takaful department, Mohd Zabidi Md…
SINGAPORE: Malaysia has the potential for green financing 130 potential projects comprising 111 renewable energy (RE) projects and 19 energy efficiency (EE) projects that worth about RM1.9 billion and RM248…
"If a person was lost for days in the thick forest without eating and may die, could he consume a pig due to desperation (dharurat)?" I asked the participants in…
Bribe is wealth earned by accomplishing a task for a party that should have been done without any compensation (whether to bring benefit to the party or to avoid harm).…