Business Blog

Karachi-based Meezan Bank Ltd has received regulatory approval to study the acquisition of the Pakistani unit of HSBC Bank Oman, the sharia-compliant lender said.

Karachi-based Meezan Bank Ltd has received regulatory approval to study the acquisition of the Pakistani unit of HSBC Bank Oman, the sharia-compliant lender said.

Speaking on behalf of all Arab countries, Qatar's Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani, yesterday at the Ministerial Session of the 30th COMCEC meeting in Turkey proposed to establish a "Common Islamic Market" among the member countries of the Organisation of Islamic Cooperation (OIC).

Mumbai-based SBI Funds Management will launch an Islamic equity mutual fund next month to tap into India's large but underserved Muslim population, although the country still lags in developing sharia-compliant debt alternatives.

Mumbai-based SBI Funds Management will launch an Islamic equity mutual fund next month to tap into India's large but underserved Muslim population, although the country still lags in developing sharia-compliant debt alternatives.

Further fall highlights challenges facing PM Abe as he heads to the polls next month