Editor's Choice

Islamic interbank rate launched Could be used to price range of Islamic instruments - 1ST part click here - 2nd part click here

 

The Islamic Interbank Benchmark Rate ('IIBR') is calculated by Thomson Reuters based on a time tested methodology agreed upon in consultation with the Islamic Benchmark Committee and approved by the Shariah Committee.

ANALYSIS Islamic interbank rate launched Could be used to price range of Islamic instruments - The new system is based on the rate of return on capital used by Islamic banks, representing the average profit rate at which bids are made

Global Islamic banking assets to touch $1.1tr next year: E&Y

. Islamic banking assets with commercial banks globally will reach $1.1 trillion in 2012, a significant jump of 33 per cent from their 2010 level of $826 billion, according to Ernst & Young's (E&Y) inaugural World Islamic Banking...

Dubai Islamic Bank P.J.S.C. - SWOT Analysis

...Dubai Islamic Bank P.J.S.C. is a UAE-based Islamic banking institution offering a wide range of products and services to its clients.

 

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MARKET ALERT December 12 th-2011

MARKET ALERT December 9th-2011

 


     

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TOP STORIES

Bahrain, Qatar, UAE urge citizens to stay away from Lebanon

Bahrain, Qatar and the United Arab Emirates urged their citizens to stay away from Lebanon, citing security concerns in a country where fighting prompted by sectarian tensions in neighboring Syria has unsettled areas near a northern port.The three Gulf states' Foreign Ministries urged all those already in Lebanon - a favorite destination for wealthy Gulf tourists - to leave because of the "security situation" in the country, the official news agencies BNA, QNA and WAM reported. read more>>

 

IMF judges 90  pct of Lebanese banks fully Basle 3 compliant, says banks report capital above the regulatory minimum, high liquidity buffers, low levels of nonperforming loans and stable profits

The banking sector has accumulated buffers but is facing an increasingly challenging environment. Thanks to prudent management and conservative regulation, banks report capital above the regulatory minimum, high liquidity buffers, low levels of nonperforming loans and stable profits, an IMF press release issued following conclusion of Lebanon Article 4 consultation concluded. However, the recent expansion abroad exposes banks to heightened risks from the regional turmoil, the IMF press release said. Highlighting the main ratios of the sector the IMF said that deposit inflows resumed in March following outflows and currency conversions after the fall of the government in January 2011, and are growing at an annualized rate of 9 percent. With pound deposits picking up recently, deposit dollarization is on a downward trend though still above its end-2010 level. Sovereign and Credit Default Swaps (CDS) spreads have risen broadly in line with emerging market averages. READ MORE

Related downloadable documents

Country Report No. 12/39: Lebanon: 2011 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lebanon
http://www.imf.org/external/pubs/cat/longres.aspx?sk=25723.0

Public Information Notice: IMF Executive Board Concludes 2011 Article IV Consultation with Lebanon
http://www.imf.org/external/np/sec/pn/2012/pn1211.htm