Banking

NY Fed Says It Will Start Buying ETFs

Source: WSJ By Michael S. Derby Fed’s purchases are part of the central bank’s efforts to restore functioning to the financial markets during the coronavirus pandemic The Federal Reserve Bank of New York said Monday that starting Tuesday one of its emergency market support facilities will begin buying corporate-bond exchange-traded […]

India: Mullahs and Money

By Moin Qazi, Nagpur, India (moinqazi123@gmail.com) One of the most contentious issues that have vexed the minds of Muslims is the concept of interest in the modern-day economy. The Islamic clerics (ulema) have exhibited an ambivalent stand on major issues concerning Islamic finance and on most occasions preferred to diplomatically […]