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A big question mark on the Islamic finance industry

By Muhammad Zubair Mughal Apparently, it is a matter of pleasure that global volume of Islamic finance industry has crossed $1.3tn approximately, which is, definitely, providing the best and compatible sources of finance with interest free modes.  According to a careful estimate, there are more than 2000 Islamic Financial Institutions offering Islamic Banking, Islamic Insurance …

Daily News Egypt

Banks consider cutting interest rates on deposits

The banks stated that they would study ways and mechanisms to decrease interest rates on triple term savings certificates, in order to reduce the cost of funds after intense declines recently seen in income derived from government debt and central bank tools.

Daily News Egypt

Op-ed review: Adjusting the tax law…a new cycle of economic confusion

Ziad Bahaa El-Din Al-Shorouk Newspaper Columnist Ziad Bahaa El-Din tackles the issue of the new tax law issued by the Shura Council. “While Egyptians are busy pondering the fate of the kidnapped soldiers, the economic crisis, the blackouts, and preparing for the exams season, the Shura Council is issuing a new tax law. Its purpose …

Thoraia Abou Bakr