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Revix disrupts the bank savings market with its 12% annual interest account

Revix’s recent launch of a savings vault paying 12% per annum on USDC, a US dollar-backed stablecoin, is a prime example of how decentralized finance (DeFi) and blockchain technology are disrupting traditional financial markets. The beauty of this product is that returns are paid in USDC, which is backed 1:1 by the US dollar. “Not […]

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OCTODEC INVESTMENTS LIMITED – Declaration of cash dividend, tax treatment and important dates – SENS

Declaration of cash dividend, tax treatment and salient dates OCTODEC INVESTMENTS LIMITED(Incorporated in the Republic of South Africa)(Registration number 1956/002868/06)JSE share code: OCT ISIN: ZAE000192258(Approved as a REIT by the JSE)(‘Octodec’ or ‘the company’) DECLARATION OF CASH DIVIDEND, TAX TREATMENT AND SALIENT DATES The board of directors of Octodec have declared a cash dividend of […]

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How vulnerable is the University of Cape Town to destructive wildfires?

Just over a year ago, a forest fire caused considerable damage at the University of Cape Town and surrounding areas. Irreplaceable African collections were destroyed. the last active windmill in Africa was badly damaged. Many were surprised by the fire and the widespread damage it caused. Two previous fall fires in March 2001 and March […]

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UK police unit helps remove exercise music videos from the web

“VSENSORED” BEGINS like most pieces of drill music, a kind of rap. Dressed in black down jackets and balaclavas, the members of the “Zone 2” group, who hailed from Peckham in south London, spit lines at their “opps” (enemies). But listen to the track on YouTube, where it’s garnered 2.8 million views, and you’ll notice […]

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Building a female-led venture capital firm is often atypical and impressive

Lolita Taub, solo-GP, Ganas Ventures. Latinx VC. Invests in the US and LATAM in the community-driven start-up phase … [+] startups. About generational wealth creation in the community. Lolitia Taub White men handle a whopping 93% of venture capital dollars. A miniscule 2.8% of dollars went to Black and Latino founders17.3% to teams with at […]

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Tesla has old tally of Musk’s pledged shares, key to margin loan

Tesla Inc. said in a securities filing on Monday that it needed more time to file regular disclosure before its annual meeting of shareholders. The company may also need to revise a closely watched section on Elon Musk’s pledged shares, which appears to contain outdated information. Tesla’s amended annual report shows stock counts and top […]

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War Brings an Uncomfortable Boon to Commodity Traders

It’s an embarrassing but unavoidable truth: the war in Ukraine is proving to be pretty good for the business of the world’s major commodity traders. Glencore Plc expects full-year trading profits to exceed its target range again after a stellar performance in the first quarter, while crops giant Bunge Ltd. raised its earnings estimate for […]

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Rand stabilizes after sharp drop, stocks rally

The South African Rand stabilized against the dollar Tuesday, find your bearings after a sharp fall last week when sentiment towards the risk-sensitive currency collapsed. At 8:44 p.m., the rand was trading at 15.81 against the dollar, down a modest 0.75% on Monday close. the rand lost more than 6% against the US currency last […]

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Putin accuses West of plotting to kill Russian journalists

Russian President Vladimir Putin said on Monday that his main spy agency had foiled what he said was a Western plot to kill a prominent Russian journalist. “This morning, the Federal Security Service stopped the activities of a terrorist group that planned to attack and kill a famous Russian television journalist,” Putin told prosecutors. “They […]

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NFT hype is on the rise as the market stabilizes after the crisis

Sales of non-fungible tokens are stabilizing after a steep decline earlier this year, as a handful of new products and initiatives reignite enthusiasm for a market that lives and dies on hype. NFT’s weekly sales volume is still about half of what it was in January, when there was a blitz of major sales and […]

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Maybe it’s not just a loan you need, but a little love too.

There are 10 million people employed in small businesses in South Africa, but this figure has fallen by 14% in the immediate term. consequences Covid lockdowns. With 11% fewer small and micro businesses by the third quarter of 2020, there are concerns that some of this damage may be permanent. But some of that damage […]

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Fed declares high inflation, geopolitics cloud outlook

The U.S. economy grew at a moderate pace through mid-April, but rising prices and geopolitical developments created uncertainty and clouded prospects for future growth, the Federal Reserve said. “Inflationary pressures have remained strong since the last report as businesses continue to rapidly pass on rising input costs to customers,” the U.S. central bank said in […]

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Striking Pricing Guide 2022 – Forbes Advisor – Forbes Advisor

In addition to the plans above, Strikingly offers a free plan with unlimited free sites. However, these sites and the customization capabilities of these sites are very limited. For example, if you open a store on a free site, you can only offer one product at a time. You are also limited to 5 GB […]

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2023 NY budget: the good, the bad and the dodgy | News, Sports, Jobs

It is not surprising that the state budget for the next fiscal year is huge. With a windfall of federal money, surprisingly high tax revenues — and no doubt great political incentive for Governor Kathy Hochul to carve out voter-friendly political victories ahead of the next election — the Legislature passed a massive […]

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Business owners feel ‘misled’ by Women’s Expo; The event plans to return to COS in November

COLORADO SPRINGS — Starting a new business isn’t always easy. When a marketing management company asked several small business owners to attend a women’s show in Colorado Springs, they jumped at the chance. However, several of these event attendees told News 5 Investigates that they felt cheated and misled. KOAA Small business owners chat with […]

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Cyber ​​Thugs Trick Tourists By Booking Money Into Hotel Via Fake Web Links On Google, Case Filed | Dehradun News

Nainital: Over the past couple of weeks, several cases have surfaced of cyber criminals stealing money from tourists, who were trying to book rooms online at hotels based in Nainital. Owners of major hotels in the lake city – including Maharaja Hotel, Alka Hotel, Silverton Hotel, New Bharat Hotel, Atithi Hotel, Channi Raja Hotel and […]

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RMB raises $3 billion on behalf of Treasury in South African sovereign bonds

The Rand Merchant Bank (RMB) has raised $3 billion worth of South African sovereign bonds on behalf of the national treasury, the corporate and investment unit of banking group FirstRand announced on Tuesday. The issue follows Moody’s revising South Africa’s outlook from ‘stable’ to ‘negative’, saying the country’s improved fiscal outlook would help the government […]

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Binance gets a nod to Abu Dhabi crypto as billionaire CEO touts UAE

If the full licensing for Abu Dhabi – the capital of the United Arab Emirates – is successful, the exchange said it could then offer its virtual asset services to customers in the Mena region through a subsidiary, Binance (AD) ltd. the company to expand its presence in the Persian Gulf, following approvals in Bahrain […]

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Feed more hungry people for less money – help them plant! – World

By Rein Paulsen, Director of the Office of Emergencies and Resilience at the Food and Agriculture Organization of the United Nations (FAO) A few weeks ago, we all woke up to a global environment that we thought was history. Billions of people have already struggled over the past two years; acute hunger has skyrocketed and […]

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Rand drops as dollar rises after Fed hawkish minutes

The South African Rand fell On Thursday, battling against a stronger dollar after meeting minutes showed the US Federal Reserve was preparing to act aggressively to stave off inflation. At 8:49 p.m., the rand was trading around 2 p.m.7397 against the dollar, 0.46% lower than its previous close. Many Fed officials said they were prepared […]

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Live Updates: JetBlue Threatens Planned Spirit Merger With $3.6 Billion Bid

U.S. and Eurozone government debt sold off as traders factored in the prospect of tougher sanctions on Russia and comments from a senior Federal Reserve policymaker who signaled that the central bank would act more aggressively to curb inflation. The yield on the 10-year US Treasury note, which moves inversely to its price and is […]

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Ghost Financial is raising new capital in financing tools for ghost kitchens – TechCrunch

After operating his own shadow kitchen, Keto Kitchen, in Austin for the past year, serial entrepreneur John Meyer found fintech resources for the industry were lacking. When Keto Kitchen had good sales in the first quarter, Meyer went to the bank to ask for expansion funding and called the banker back asking what a ghost […]

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Corporate bonds lost $1 billion and there are more problems ahead

Corporate debt investors brace for further trouble after a rocky quarter as economic fears remain in place as an end to the war in Ukraine may prove elusive. The world’s safest corporate debt pool has already shrunk by $805 billion so far this year, while the global junk market has lost $236 billion, according to […]

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More transparency on land ownership in Scotland

The Scottish Government is introducing a new register of people with a controlling interest (RCI) in land on 1 April 2022, which is part of its commitment to improving transparency and will be free to access. This public registry provides key information on who ultimately makes decisions about land management or use, even if they […]

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My enemies are after me…

Social media is abuzz with the latest Netflix documentary’The Tinder scammer. This documentary follows the lives of three women who have been defrauded by a con artist, who lured them into a romantic relationship on Tinder. He then extorted large sums of money from them through emotional blackmail and his famous phrase “my enemies are […]

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Ex-Party Producer Charged With $2.7M Bitcoin Laundering Scheme

Dark web drug dealers selling counterfeit Ketamine, MDMA and Xanax in every US state. An identity thief hacks his targets’ cell phones. Member of an Eastern European organized crime syndicate. These, prosecutors said, were just some of the clients of Thomas Spieker, a former party producer who was charged Thursday in Manhattan state court with […]

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Uber and Bolt drivers strike in South Africa over costs

Drivers under contract with Uber Technologies Inc., Bolt Technology OU and other ride-sharing services in South Africa have gone on strike to protest record petrol prices and have pressured the government to it adopts industry regulations to protect their rights. The national strike will continue for three days from Monday, said Vhatuka Mbelengwa, spokesman for […]

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Beaten but not broken – Moneyweb

The first McDonald’s store in Russia opened in 1990, just months after the fall of the Berlin Wall. It was a powerful symbol of the end of the Cold War and a great ideological healing. Now all McDonald’s in Russia are closed, as nations and businesses reduce, suspend or sever ties in response to Ukraine’s […]

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Record fuel price hike on the horizon for SA

South Africans should brace for record fuel price increases in April given continued market volatility emanating from the Ukrainian-Russian conflict. According to the Automobile Association (AA), data from the Central Energy Fund indicates that fuel prices will reach R24/l for petrol and R23.60 for diesel. 95 octane gasoline should increase by R2.15/l, 93 octane should […]

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Remarks by the Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, Martin Griffiths, to the United Nations Security Council on Yemen, 15 March 2022 – Yemen

New York, March 15, 2022 As delivered Mr President and distinguished members of the Council, Thank you for giving me the opportunity to brief you today on the humanitarian situation in Yemen. After more than seven years of war, Yemen is becoming what humanitarians often call a “chronic emergency”. And, as aid workers know, chronic […]

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Companies leaving Russia do not know if and when they will return

When the Soviet Union collapsed in 1991, corporations rushed behind the Iron Curtain to plant their flag on Russian soil. Icons of capitalism, from Apple to McDonald’s to Adidas, continued to build profitable businesses in the years that followed as consumers clamored for a slice of Western lifestyle. In just a few days, these long-standing […]

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Every Money Heist Character, Ranked By Intelligence

Once Netflix decided to buy Money theft after its second season, everything blew up for the better. It’s hard to imagine the the show was almost canceled when it scored first place for the best shows in the world. Who wouldn’t love a show centered around eight thieves who decide to steal from the system […]

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Homes for Sale in Central Tennessee

When Madeline Santschi and Wil Moore started house hunting last year, they wanted to buy in Franklin. Initially, the couple said they weren’t ready to compromise, so they rented an apartment together while they looked for a house. After constantly scouring websites for available homes in their price range, they began to consider areas like […]

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Ukrainians cross borders as evacuations from besieged towns begin

Thousands more people fleeing heavy fighting in Ukraine poured into central and eastern Europe on Tuesday as part of renewed efforts to create safe escape routes from towns bombarded by Russian forces. Two million people – mostly women and children – have fled Ukraine since the Russian invasion began on February 24, UNHCR, the UN […]

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ARGENT INDUSTRIAL LIMITED – Share Dealings by Partners of Directors – SENS

Dealings in Shares by Associates of Directors ARGENT INDUSTRIAL LIMITED(Incorporated in the Republic of South Africa)(Registration number: 1993/002054/06)Share code: ARTISIN: ZAE000019188(“Argent” or “the Company”) DEALINGS IN SHARES BY ASSOCIATES OF DIRECTORS In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, thefollowing information regarding the dealing in securities is disclosed: NAME OF […]

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What Russia’s credit downgrade could mean for South Africa’s economy

The major risk for South Africa is that investment inflows and the rand could be negatively affected if general sentiment towards emerging markets deteriorates. Historically, rising global geopolitical tensions have generally been negative for the rand. After a brilliant start, the BRICS grouping (Brazil, Russia, India, China and South Africa) is now home to a […]

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CBSMiami

EXTRA WEB: Russian attack sparks fire at Europe’s largest nuclear power plantRussian forces attacked Europe’s largest nuclear power plant in Enerhodar, Ukraine, early Friday morning (3/4). A spokesman for the Zaporizhzhia nuclear power plant confirmed that the bombardment started a fire in one of the six reactors at the facility. 8 minutes ago WEB EXTRA: […]

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Announcement of correction/change of index constituent – SYG500 – SENS

Correction Announcement/Index Costituent Change – SYG500 SYGNIA ITRIX COLLECTIVE INVESTMENT SCHEMESYGNIA ITRIX S&P500 ETFJSE Code: SYG500ISIN: ZAE000251377 A portfolio in the Sygnia Itrix Collective Investment Scheme inSecurities, registered as such in terms of the Collective InvestmentSchemes Control Act, 45 of 2002. CORRECTION ANNOUNCEMENT – INDEX CONSTITUENT CHANGE – SYG500 Holders of Sygnia Itrix S&P500 ETF […]

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Sharib Hashmi on choosing scripts; says “money is important”

Over the years, actor Sharib Hashmi has carved out a niche for himself with various projects and characters, the most notable being “The Family Man” and “Scam 1992” lately. The actor says he would always rather play a good role in a small movie than a boring role in a big movie anytime. Speaking of […]

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SIRIUS REAL ESTATE LIMITED – Change of direction BizSpace – SENS

BizSpace management change SIRIUS REAL ESTATE LIMITED(Incorporated in Guernsey)Company Number: 46442JSE Share Code: SRELSE (GBP) Share Code: SRELEI: 213800NURUF5W8QSK566ISIN Code: ISIN GG00B1W3VF54 28 February 2022 Sirius Real Estate Limited (‘Sirius Real Estate’, ‘Sirius’, the “Group” or the ‘Company’) BizSpace management change Sirius Real Estate, the leading owner and operator of branded business and industrial parks […]

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Jose Andres spends Bezos prize money to help Ukraine

Chief Jose Andres continues his humanitarian efforts. The chef, who is based in Washington DC, has set up mobile kitchens on the Ukraine-Poland border, providing meals to people fleeing the Russian invasion. Jose Andres spoke about what is happening in Ukraine and what he thinks about it. He shared a video on Instagram where he […]

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Ethiopia: WFP responds as worst drought in a lifetime intensifies hunger – Ethiopia

With each season drier than the last, families are getting closer and closer to losing everything February 24, 2022, Adrienne Bolen In decades past, on the plains of Adadle district in the Somali region of Ethiopia, grass grew so high that lions could hide there, people say. Not anymore. Over the past four months, community […]

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Depreciation of the Cedi: watch the repatriation of money – the government says

Ghana cedi banknotes | File photo The government has been asked to critically assess and monitor the repatriation of income by foreign companies operating in Ghana and to investigate income flows from religious organisations. It must also put in place measures to regulate money sent out of the country by wealthy individuals through the payment […]

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Securing tax revenues – Moneyweb

SIMON BROWN: I’m now chatting with Kelin Pottier of 10X Investments, talking about delineation of income from taxes. Of course, it’s about doing it in a legitimate and legal way, not in an avoidance way. Kelin, I appreciate the early hour. Monday [marks] end of February, which is of course the end of the tax […]

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MONDI PLC – Notification of major interests in shares – SENS

Notification of Principal Equity Interests Mondi plc(Incorporated in England and Wales)(Registered number: 6209386)LEI: 213800LOZA69QFDC9N34LSE Share Code: MNDI ISIN: GB00B1CRLC47JSE share code: MNP February 21, 2022 Notification of Principal Equity Interests 1. Issuer details: ISIN Code: GB00B1CRLC47 Issuer name: Mondi plc UK or non-UK issuer: UK 2. Reason for notification: Acquisition or sale of voting rights […]

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Township grannies learn to master technology

Navigating new technologies and digital applications has become necessary for many people trying to access government help and services during the Covid pandemic. But for many older people, it’s not easy. the go go go go project in Alexandra in Johannesburg is teaching a group of older people in the township to be more tech-savvy. […]

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A Quebecer with a fraudulent past is a prominent figure at the Ottawa convoy protests

For months, Suzanne Bergeron Stonehouse tried in vain to recover tens of thousands of dollars from her contractor for unfinished flood repairs. So when she learned that the man she had done business with was in Ottawa, handing out thousands of dollars he had raised for truckers in the convoy that crippled part of the […]

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‘I didn’t need it’ – Tottenham legend suggests club wasted money on three players – Spurs Web

Chris Brunskill/Fantasier/Getty Images Graham Roberts has criticized Tottenham’s recruitment of Ryan Sessegnon, Joe Rodon and Jack Clarke. The trio, who were bought by Spurs in 2019 and 2020, have so far struggled to make the desired impact during their time in north London. Sessegnon, 21, the most expensive of the three, has only made 22 […]

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IMF sees sluggish South African growth in medium term

South Africa’s economic recovery remains fragile and growth is expected to remain below 2% over the medium term due to political uncertainty, high public debt and constraints on investment, the International Monetary Fund (IMF). In a statement issued after talks with South Africa, the IMF said the country’s recovery from the COVID-19 pandemic had been […]

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Virginia Man Pleads Guilty in Money Laundering Paycheck Protection Program | USAO-NDIA

A Virginia man who laundered more than $900,000 in Paycheck Protection Program (PPP) funds pleaded guilty Feb. 8, 2022, in federal court in Sioux City. Benjamin Sakyi, 31, of Dumfries, Virginia, formerly of Ghana, was found guilty of one count of money laundering conspiracy. The Coronavirus Aid, Relief, and Economic Security Act (“CARES”) is a […]

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[TOP STORY] The impact of inflation on REITs

SIMON BROWN: I am now talking with Garreth Elston of Reitway Global about the impact of inflation on REITs, real estate investment trust stocks. Garreth, I appreciate your early morning as always. Inflation and Reits? Clearly, inflation has arrived – the debate is how long will it last and where are interest rates going? Let’s […]

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Fraudsters Most Active During Peak Hours: HDFC Bank Study

Even though online transactions are gaining traction following the surge in adoption of digital technology caused by the pandemic, fraudsters also appear to have become active during peak hours between 7 a.m. and 7 p.m. The timing is contrary to the widely held perception that frauds only happen in the middle of the night. This […]

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Uganda: Market Monitor – Refugee Hosting Areas | Overview of Refugee Settlement Price and Market Functionality, 1-30 November 2021 – Uganda

OVERVIEW AND METHODOLOGY Uganda is one of the world’s leading refugee-hosting countries, with a protracted refugee situation and continued influxes of refugees from neighboring countries. The country hosts 1,573,291 refugees as of December 31, 2021, 94% of whom live in camps mainly in the West Nile and South West regions of Uganda. Given this situation, […]

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A giant coal fleet is the fastest way to get climate funds

The pledge by some developed countries to provide $8.5 billion to help South Africa transition from coal is a far cry from the trillions needed to stave off the worst effects of climate change. That’s not even the full amount the struggling national utility Eskom needs to shut down its polluting factories, estimated at around […]

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Global Online Payment API Market by Key Player – , PayPal, 2Checkout, Authorize.net, Stripe, CCBill, Amazon Payments, SecurePay, Adyen, WorldPay, FirstData, Alipay, Boleto Bancario, PayU, OneCard, Tenpay, GMO, MOLPay , CashU, Ping++, Paymill, Wirecard, BlueSnap, WebMoney, Realex

Global Global Online Payment API Market research is an intelligence report with meticulous efforts undertaken to study the correct and valuable information. The data that has been reviewed takes into account both existing top players and upcoming competitors. The business strategies of key players and new industries entering the market are studied in detail. A […]

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Vodacom records strong performance, boosted by new Vodapay app

South Africa’s second-largest network provider, Vodacom, reports that the positive reception of its VodaPay app launched in October last year has strongly supported the group’s performance and its broader financial services business, as the company saw its revenue rise by 12.5% ​​to an unexpected R2 billion for the first time in the three months to […]

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Availability of the annual accounts – SENS

Availability of annual financial statements ETHEKWINI METROPOLITAN MUNICIPALITYJSE alpha code: TMM(“eThekwini” or “the Municipality”) AVAILABILITY OF ANNUAL FINANCIAL STATEMENTS eThekwini hereby advises that it has publicly released its audited annual financial statements for theyear ended 30 June 2021 (‘AFS’). The auditors of eThekwini, Auditor-General South Africa, have issuedan unqualified audit report relating to the AFS. […]

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FIC keeps Ghana safe from money laundering activities

FIC Chairman and CEO, Mr. Kwaku Dua Ghana off EU money laundering gray list Investments can flow freely-FIC Investors urged to conduct financial transactions without fear The Financial Intelligence Center (FIC) has urged investors and the business community to be confident in international financial transactions as Ghana is safe from money laundering (ML) and terrorist […]

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Kelly Price says her sister started a ‘disappearing’ rumor and tried to steal money

Black America Web Featured Video CLOSE R&B veteran Kelly Price scared fans last September after her sister began circulating a report that she had disappeared and that her husband may have been behind a plot to take over her succession. Later, we found out from the “As We Lay” singer herself that she was in […]

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Will stablecoins eventually dominate the crypto market?

Now 12 years old, Bitcoin was designed as a global, decentralized currency free from the dead hand of central banks. But the extreme volatility of cryptos like Bitcoin (BTC) and Ethereum (ETH) has led to the emergence of stablecoins backed by fiat currencies like the US dollar, euro, and rand. Of the top 20 cryptos […]

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Parables of Survival: Lessons from the Nova Sharemax Debacle

Things for debentureholders of Nova Property Group (the Sharemax rescue vehicle) look bleak. At last week’s meeting of bondholders, Chair Connie Myburgh, architect of the bailout, was far from being celebrated as primus inter pares. The “hard questions” relating to large-scale realizations remain unanswered. So much so that the bond notes could be worthless. Nova […]

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Inflation is a bigger risk than volatility for a long-term investment portfolio

Today, a Wimpy meal consisting of a burger, fries and a cold drink costs around R77. In 1972, such a meal cost about 47 cents. Today, a loaf of brown bread costs around R16. In 1985 it cost R1, rising to R5 in 2005. As an example of the power of inflation, consider the impact […]

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Norwegian bank trials ‘halal loan’ based on Islamic principles | The Independent

A Norwegian bank has proposed a “halal” loan scheme based on Islamic principles which forbid charging interest. Storebrand, which operates in Norway and Sweden, launched a website calling for feedback on an idea to launch new interest-free loans to appeal to Muslim home buyers who many not want to take out a traditional mortgage because […]

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South African bonds offer opportunities relative to their peers

SIMON BROWN: I’m talking now with Daniel King, head of fixed income at Counterpoint Asset Management. Daniel, I appreciate the early hour. You put a note last week around our bonds, and you point out that South African bonds are – we’ll get to the vigilance part in a moment – ​​cheap, especially relative to […]

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Online Personal Loans for Bad Credit

It’s common to find yourself in serious financial trouble and need immediate funds to escape the pain. It could be the rent that is due in a few weeks, the leasing rate, or any unpaid reminders that you have. These easy green day loans are quick and simple. Easy approval internet loans for bad credit You can pay a […]

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Madison’s Muslim Loan Program Gets Response from Federal Employees | Local government

Masood Akhtar, entrepreneur and counselor for Madison’s Muslim community, speaks at an event hosted by the Capital Times in October. SAIYNA BASHIR Steven Coude | Times of the capital A Madison Muslim activist who launched a loan program for struggling federal workers during the partial government shutdown says he has received half a dozen requests […]

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Challenging Bankruptcy ‘Myths’, Judge Clears $ 220,000 Student Loan Debt

Bankruptcy judge excused US Navy veteran with law degree from paying off over $ 220,000 in student loan debt, latest court ruling aimed at lowering barriers to debt service school. Judge Cecelia G. Morris of the United States Bankruptcy Court in Poughkeepsie, NY, discharged the law school graduate’s unpaid student loans even though he is […]

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New “PPP loan forgiveness request” turns a PPP loan into a grant

Posted: May 19, 2020 / 6:03 AM EDT / Update: May 19, 2020 / 6:03 AM EDT CHARLESTON, WV (WOWK) – A new “Payroll Protection Payment Loan Forgiveness Request” has just been rolled out in Highland State. Small business owners will be entitled to a rebate for salary costs paid and salary costs incurred during […]

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Sharia-Compliant Student Loans Good News For Young Muslims

Imagine being a young Muslim in UK today. You are attached to your religious belief – which tells you that lending money at interest is prohibited in Islam – but you want to continue your education and go to college. You need financial support, but you have a dilemma. The only funding available is a […]

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Riots in India have a lasting impact on the way loans are granted – The Source

Riots that resulted in 10 to 1,000 deaths and more in their hometowns ultimately influenced lending decisions among hundreds of loan managers in India – and the effect lasted for decades, finds a new study involving a researcher at the Olin Business School at the University of Washington at St.. Louis. Research shows that ethnic […]

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Muslim students divided over Sharia-compliant loans | Students

MMuslim students are divided over measures taken by the government to introduce Sharia-compliant student loans. While some welcomed the recent announcement by University Minister David Willetts of an open consultation on the question, others feel indifferent or oppose it completely. Muslim groups lobbied for reform because the tuition hike in 2012 raised hopes that students […]

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For Muslims, Loans For Conscience

For clients, the way lenders calculate their profit margins and the provenance of their Islamic scholars matter as much as the total cost of the loan. “We feel insulted as individuals for someone to take the interest rate of the day, change their name and tell someone they are Islamic,” said Yahia Abdul-Rahman, founder and […]

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Murabaha definition

What is the Murabaha? Murabaha, also called extra cost financing, is an Islamic financing structure in which the seller and the buyer agree on the cost and mark-up of an asset. The markup takes place of interest, which is illegal in Islamic law. As such, the murabaha is not an interest loan (qardh ribawi) but […]

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Invest Halal in Canada – MoneySense

The Koran is the Islamic text which guides all aspects of Muslim life. Sharia is Islamic law which includes guidelines that impact Muslims’ financial decisions; these include the prohibition on earning interest on fixed income investments such as bonds, which are a common component of an investment portfolio. Instead of earning interest on loans (a […]

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Islamic finance: how to earn money without interest?

The second installment of the Global finance webseries on Islamic finance. Many of the products offered by Islamic financial institutions are comparable to Western or conventional finance even though interest and speculation are prohibited. Banks are by far the main players in Islamic finance – some of them are exclusively Islamic while others offer Sharia-compliant […]

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Islamic Bank of Abu Dhabi undeterred by pandemic damage | Salaam Gateway

Posted on November 09, 2020 via Bloomberg Politics & Policy – Abu Dhabi’s largest Islamic bank is adopting an optimistic tone despite emerging from the global pandemic with one of the highest shares of bad debt among its peers. Abu Dhabi Islamic Bank PJSC emerged “fairly unscathed” from a loan deferral program put in place […]