Islamic Banking in Libya: putting the cart before the horse
- Banks
- Published on Thursday, 16 May 2013 05:49
- Last Updated on 16 May 2013
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One of the first items on the agenda for Libya’s new government was to convert all banks in the country into Islamic banks. The main problem with this decision is that the government failed to come up with Islamic bankinh regulations before putting this law forward. Now banks are stuck in limbo trying to figure out their way through this.
Dubai World urged to sell more assets to pay creditors
- Bail-outs & Bail-ins
- Published on Tuesday, 07 May 2013 07:10
- Last Updated on 07 May 2013
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Kuwait’s lawmakers propose raising minimum wage to highest in the world
- Commentary & Analysis
- Published on Tuesday, 07 May 2013 06:15
- Last Updated on 07 May 2013
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Kuwait’s National Assembly Building – Source: Arabian Gazette
Kuwait’s dysfunctional parliament is at it again. This time they are working on a new bill to raise the minimum wage of Kuwaitis to three times higher than the world’s current highest; Luxembourg.
Tatarstan plans first sukuk issue
- Islamic Finance
- Published on Monday, 06 May 2013 08:25
- Last Updated on 06 May 2013
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US shale ‘revolution’ over-hyped as Saudi Arabia considers getting in the game
Source: Global Research
Not a week goes by without another exciting story about the shale revolution taking place in the US and how it’s going to change the world. There is also talk of the US becoming in independent for the first time in decades. However, a closer look at this revolution and you will see that it’s all hype.Read more ...