Latest Updates Around The World
Almost everyone will face a serious financial emergency at some point in their lives. Something financially catastrophic happens, like your car breaks down or you have to pay a huge medical bill. After that, there may be little or nothing in your bank account. If it’s still a week or more until your next payday, […]
Christmas Day is the perfect time to make memories with loved ones. Whether you’re looking for festive games, creative projects or relaxing ways to spend the day, there are plenty of fun activities to enjoy together. From traditions that bring everyone closer to new ideas that add a spark to the celebration, you can make […]
If you’re thinking about getting long-term care insurance, many questions may arise. No one likes to imagine a time when they will need help with everyday tasks such as bathing, dressing, or eating. But the truth is that many people will need some form of long-term care as they age. The real question is whether […]
A day after crossing 91 to the dollar mark and hitting an all-time low, the rupee staged a smart recovery on Wednesday, aided by RBI intervention in the forex market. The development also comes a day after RBI strengthened its ability to intervene in the market by absorbing $5 billion from market participants through a […]
Sanjay Malhotra, Governor of the Reserve Bank of India (RBI) | Photo credit: PUNIT PARANJPE RBI Governor Sanjay Malhotra expects the country’s interest rates to remain low for a “long period of time”, he told the Financial Times in an interview published on Wednesday. The Reserve Bank of India’s (RBI) projections suggested that interest rates […]
The All-India Reserve Bank Employees Association (AIRBEA) has noted an acute shortage of small denomination notes in many parts of the country, especially in semi-urban and rural areas, and has urged the RBI to take corrective measures. | Photo credit: KV SRINIVASAN The All-India Reserve Bank Employees Association (AIRBEA) has drawn the attention of the […]
Banks in Cyprus for foreigners are open to non-residents at institutions such as the Bank of Cyprus, Hellenic Bank and Eurobank, provided you meet the requirements regarding identity, address and origin of the money. Choosing the right bank requires understanding the types of accounts, security and costs. Some international banks in Cyprus also offer a […]
You can invest in Sharia-compliant ETFs in Singapore by opening a brokerage account, selecting halal ETFs listed locally or globally, and placing purchase orders. These ETFs avoid non-halal sectors such as alcohol, gambling and conventional banking, offering an ethical way to grow your wealth. This article covers: What makes an ETF Sharia compliant? How to […]
The 30% rule in Islamic finance sets a limit on the amount of interest-bearing debt a company can have before it becomes non-compliant. It states that a company’s total interest-based liabilities should not exceed 30 percent of its market capitalization. This article covers: Is interest allowed in Islamic finance? Do Muslims get 0% interest? Is […]
The Lok Sabha on Tuesday passed the Sabka Bima Sabki Raksha (Amendment to Insurance Laws) Bill that heralds major reforms in the insurance sector, besides increasing the foreign direct investment limit to 100 percent from the current 74 percent. One of the major changes brought about by the Bill is the IRDAI’s power to limit […]
