Search Results for: finance industry
London FinTech stars join Tech City UK’s Future Fifty scheme as booming digital finance sector steals the spotlight
December 11th, 2014
The capital’s crown as the financial technology epicentre of the world will be reaffirmed today as seven of London’s rising FinTech stars will join the government-backed Future Fifty scheme. TransferWise, Go Cardless and Algomi are among the group of ...
Islamic finance body AAOIFI to revise four standards, eyes sukuk
November 20th, 2014
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will revise four of its standards in the first half of next year while expanding its guidance for Islamic bonds, the industry body said. Earlier this month, AAOIFI issued ...
Islamic finance body AAOIFI to discuss global accounting standards
November 18th, 2014
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) is engaging its counterpart in conventional finance to discuss the convergence of corporate accounting standards. The move is a shift in approach by AAOIFI, which has traditionally developed accounting standards ...
Islamic finance body IIFM launches collateralised murabaha standard
November 17th, 2014
The Bahrain-based International Islamic Financial Market (IIFM) has launched a standard contract template for collateralised murabaha transactions, aiming to boost use of a sorely needed liquidity management tool for Islamic finance institutions. The standard will serve as an alternative to repurchase ...
IFSB issues paper on Islamic Finance Regulation
November 11th, 2014
The Working Paper is issued in parallel to the Exposure Draft (ED-17) of the Standard on Core Principles for Islamic Finance Regulation (Banking Segment), and provides the background and wider context for the Standard that is under preparation by ...
National Bank of Oman highlights distinctions between conventional and Islamic finance
October 22nd, 2014
“The GCC countries have committed to actively strengthening their positions in the Islamic finance market, with Saudi Arabia currently in the lead. We, at the National Bank of Oman, have been doing significant work in the Islamic finance domain ...
ICAEW and CISI launch Diploma in Corporate Finance in Cyprus
August 4th, 2014
ICAEW and the CISI have launched a diploma in Corporate Finance. The only specialist diploma of its kind, the qualification will be delivered by the Cyprus International Institute of Management and is aimed at establishing and maintaining the highest ...
Japan plans to finance foreign Coal Plants
July 29th, 2014
Following U.S’s and Europe’s negligence for supporting overseas coal projects, Japan has seize the opportunity to advance in this sector. According to the Wall Street Journal, on July 23, Japanese plans were set out in order to support coal-fired ...
ASIC permanently bans Victorian finance broker
July 10th, 2014
Australian Securities and Investments Commission (ASIC) has permanently banned Mr Rudy Noel Frugtniet, a former Victorian finance broker, from engaging in credit activities after it was found he provided misleading information and a lack of full disclosure on a ...
Tax case: Vodafone officials to meet Finance Secretary
May 30th, 2014
Representatives of Vodafone are likely to meet senior officials of the Finance Ministry. They would be meeting Finance Secretary Arvind Mayaram and Revenue Secretary Rajiv Takru, said sources. The meeting would be taking place in the backdrop of the British ...
