The American economy could finally have a pretty good year next year — assuming Washington does its part. Economists see a number of sources of underlying strength in the economy, but for the growth to gain traction, they say, political leaders need to avoid the broad tax increases and spending […]
Source: Business Today Foreign direct investment in multi-brand retail on Wednesday got the approval of the Lok Sabha as the Opposition motion seeking immediate withdrawal of the decision was rejected convincingly as BSP and SP walked out. While 218 members voted in favour of the Opposition motion, 253 voted against […]
WASHINGTON (CNNMoney) — Washington should stay away from touching the mortgage interest tax deduction, warns the U.S. housing industry. Lately, housing is on the mend and one of the few bright spots in a lumbering economic recovery. Taking away a key tax break could throw a wrench into home buying […]
We are just referring you here to Wikipedia: http://en.wikipedia.org/wiki/Sukuk Sukuk: From Wikipedia, the free encyclopediaJump to: navigation, search Part of a series on Sukuk (Arabic: صكوك, plural of صك Sakk, “legal instrument, deed, check”) is the Arabic name for financial certificates, but commonly refers to the Islamic equivalent of bonds. […]
Source:The Maroon By JENNIE GUTIERREZ One of President Obama’s major goals for higher education is to make it more affordable for more people. Obama wants to have the most college graduates in the world by 2020 and cut college tuition in half by 2022. “President Obama has proposed expanding federal […]
Source: Huff Post. By Muhammad Yunus, Nobel Laureate in Economics The current financial crisis makes it very clear that our current financial system is not sustainable. This is the opportune time […]
Source: Radiance Weekly India may be closer to allowing Islamic banking than ever before with the central bank and the finance ministry discussing ways in which rules need to be changed to allow the interest-free practice that’s compatible with Shariah law. Demands by Muslim groups over the past few decades […]
Source: Yahoo Finance and CNBC By Ansuya Harjani | CNBC – 1 hour 9 minutes ago The average age of employees at India’s top software services exporter — Tata Consultancy Services (TCS), one of the country’s largest private sector employers — is 28. Students attend class at the Bansal Classes in Kota, […]
Source: Herald Scotland By Steven Vass Professor Muhammad Yunus paces into the room with the quiet dignity befitting his status. This is the father of micro-finance, the founder of the Grameen Bank, which lends money to severely poor people to start businesses. Originated in his native Bangladesh in the 1970s, it […]
Since the financial crisis, academics, politicians and even former bank chieftains have called for the nation’s banking behemoths to be broken up or shrunk — calls that appear to have fallen largely on deaf ears among Washington’s policy makers. Now, a powerful insider has suggested a simple tool that could […]
Source: Albawaba Business Emirates Islamic Bank (EIB), one of the leading Islamic financial institutions in the region and the Islamic banking arm of Emirates NBD Group, announced today the launch of a three weeks-long “Indian Rupee (INR) Remittance Campaign,” which offers customers the opportunity to remit funds to India at […]
Source: Hindustan Times Venezuelan President Hugo Chavez scored a comfortable election victory that could extend his rule to 20 years and vowed to deepen his self-styled socialist revolution that has […]
Source: Spiegel DPA Central banks are currently flooding cash-strapped industrialized nations with money. This may help governments reduce their debt load, but it also erodes the value of people’s savings. A massive redistribution of wealth is threatening to take place in Germany and Europe — from the bottom to the […]
Daily Telegraph: So how did Mr Nasty – aka George Osborne – do? I give the Chancellor a qualified thumbs-up for his party conference speech, even if the word “growth” was […]
Whether you like it or not, we are now doing business in a boundless world; the Internet has made geographical location irrelevant when it comes to get things done. You […]
Source: Khaleej Times The $1 trillion global Islamic finance industry is set to double in size between 2011 and 2015, recording an annual 20 per cent growth driven by increasing demand for this “credible alternative” to conventional banking in the GCC and Asia. “The global crisis faced by conventional finance […]
Huff Post: by Peter S. Goodman. Inevitably and regrettably, China has landed in the middle of the American presidential campaign. Both candidates are now laying claim to credentials as the ultimate guardian against the supposed job-killing, prosperity-destroying juggernaut across the Pacific. This is inevitable because China’s rise and its implications for global […]
Source: Jakarta Globe ith the developed economies of the West struggling to put their economic houses in order, greater focus is now being paid to the emerging world. Growth in many of these countries remains buoyant and their share of global economic activity is rising. Much of the Muslim world […]
THE Reserve Bank of Fiji believes the economy is on track to grow 2.7 per cent this year because of the economic performance in the first six months. While releasing its economic review for the month of August, the central bank said that despite the heightened risks in the global […]