Bahrain-based Al Baraka Banking Group and the World Bank have reached an agreement to launch joint programmes under a set of new Islamic finance initiatives.
These initiatives are aimed at fostering sustainable development of Islamic economics and finance, through the design and delivery of activities.
These include identifying and disseminating sound practices in the Islamic financial services industry, including sound practices relating to the regulatory and supervisory environment, institutional infrastructure, corporate governance, business practices, and market development and encouraging research and promoting awareness of appropriate risk management framework for Islamic banks in particular and the Islamic finance industry in general.
Services and Insurance Sectors Push DFM Index Higher
The DFM General Index inched up to reach at 2,323.34 points on Wednesday 22nd May 2013.The index spending most of the session in the green zone added 3.99 points or 0.17 percent.
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Key Sectors Turn QE Index Green
The QE Index continued pacing its way higher throughout the day to close its trading in the green territory at 9,085.9 on Wednesday 22nd May 2013, achieving 0.54 percent or 48.95 points for the sessi
ADX Index Dips but Volume Improves
The ADX General Index spending most of the session below the break – even line closed in the red at 3,503.38 points on Wednesday 22nd May 2013. The index trimmed 6.26 points or 0.18 percent for the e
Bonds seen consolidating after recent rally; lack of OMO hurts
Government bonds fell for a second consecutive session on Wednesday, continuing to retreat from a recent rally as the Reserve Bank of India has yet to announce bond purchases that had been widely exp