Business Blog

Sept 30 (Reuters) - Pakistan's capital market regulator has granted approval to the country's sole reinsurer to offer sharia-compliant reinsurance, part of efforts to boost the fledgling Islamic insurance (takaful) sector. The Securities and...

Gains spread across insurance, banking, petrochemical sectors

MSCI's move could help attract $40 billion from foreign funds

(Corrects spelling in last two paragraphs)By Bernardo VizcainoMay 29 (Reuters) - The Islamic Financial Services Board (IFSB) will expand its guidance for national regulators after the International Monetary Fund (IMF) adopted its standard for Islamic banking, hastening efforts to harmonise business practices.Islamic finance is now of significant size to be considered systemically important in over

Islamic finance is now of significant size to be considered systemically important in over a dozen countries

The funds will come from a variety of sources and will include conventional and Islamic tranches.