A return to an era of higher interest rates could derail attempts by Islamic finance to create alternatives to a short-term funding instrument that has dominated the industry, but which some scholars and regulators want to see replaced.
India's central bank governor Raghuram Rajan eased rules to spur bank lending and toned down his inflation rhetoric in moves set to be welcomed by a new pro-business government determined to revive economic growth.
Bahrain's Prime Minister has urged banks in the kingdom to monitor loan interest rates rigorously to serve customers fairly, a report in the Gulf Daily News said.
His Royal Highness Prince Khalifa bin Salman Al Khalifa affirme
European Central Bank (ECB) president Mario Draghi sees no urgent need to cut the euro zone's main interest rate further and no signs of deflation, he said in an interview published on Saturday.
While the euro zone crisis has
Dubai Investments aims to raise $300 million from a debut sale of Islamic bonds by the end of 2013 after delaying a similar plan early this year due to rising interest rates, its chief executive said.
The conglomerate, which has i
India plans to launch trading of government bond futures within the next two months as part of efforts to deepen its financial markets, according to several sources involved in the discussions with the central bank.
Reserve Bank of India governor Raghuram Rajan surprised markets in his maiden policy review yesterday by raising interest rates to ward off rising inflation, while scaling back some of the emergency measures recently put in place to support the
Turkey's central bank announced a modest hike in interest rates on Tuesday and signalled it would fight further falls in the lira by tightening liquidity rather than eat into its foreign exchange reserves.
The move - a rise in
The Bank of England warned banks and borrowers on Wednesday they may be vulnerable if there is an abrupt rise in global interest rates which could require lenders to bolster their capital cushions again.
Global bond yields have ju
The Reserve Bank of India (RBI) has kept interest rates on hold ignoring government pressure to reduce borrowing costs, but said it was shifting its focus towards boosting a flagging economy, raising the odds of a rate cut as early as January.