Browsing: Banking

In what is considered a significant relief for Indian-born entrepreneur Bavaguthu Raghuram Shetty, commonly known as BR Shetty, an Indian High Court has declared the practice of allowing heads of public sector banks in India to issue lookout circulars (LOC) as invalid.

(CBUAE) has introduced the fifth iteration of the Executive Certificate for Risk-Based Supervision Professionals. This initiative seeks to qualify and elevate the skills of supervisors, enabling them to identify potential risks and mitigate their impact on the financial system, thereby strengthening financial and monetary stability in the UAE.

A senior Malaysian official, Yazrin Syakhairi, predicted that the global Islamic finance market would reach $4.9T by 2025. Syakhairi, from the Trade Section of the Consulate General of Malaysia in Hong Kong, highlighted the substantial and swift growth of the Islamic finance market, exceeding $2.2T in 2022.