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SEC unveils Shariah Advisory Services The Nation Newspaper - The Nation Newspaper

newsblur - Fri, 2022-09-30 17:52
IslamicFinance shared this story from "islamic asset management" - Google News. SEC unveils Shariah Advisory Services The Nation Newspaper  The Nation Newspaper

Elsewedy Electric secures EGP 2bn in Islamic financing - Daily News Egypt

newsblur - Wed, 2022-09-28 11:48
IslamicFinance shared this story from "islamic finance" - Google News. Elsewedy Electric secures EGP 2bn in Islamic financing  Daily News Egypt

Only a quarter of Middle East HNWIs have succession plans for wealth, family businesses

newsblur - Tue, 2022-09-27 09:39
IslamicFinance shared this story from Alliance magazine.

Getting finances in order may be a top priority for many millionaires, but a majority don’t have a plan in place on how their fortunes and businesses will be passed on to the next generation, according to a new survey.

According to research by global wealth and asset manager Lombard Odier, only 24 per cent of established MENA region high-net-worth individuals have a full estate plan in place for their private assets.

The wealth management firm highlighted the importance of succession planning, citing that wealthy families in the region are fast approaching a major transition.

There is a generation gap between HNWIs thinking about estate planning. Over half of older respondents (55 per cent) said they have an estate plan for all their assets, compared to just nine per cent of younger residents.

Of all the 300 individuals surveyed, 27 per cent did not have any succession plan in place for their estate at all – though they are interested in creating one. A third (30 per cent) had a partial plan in place.

The post Only a quarter of Middle East HNWIs have succession plans for wealth, family businesses appeared first on Alliance magazine.

Finance islamique: l’exemple de la Caisse « ligdi baoré » - leconomistedufaso.bf

newsblur - Mon, 2022-09-26 14:23
IslamicFinance shared this story from "finances islamiques" - Google Actualités. Finance islamique: l’exemple de la Caisse « ligdi baoré »  leconomistedufaso.bf

Boubyan Bank on driving digital innovation - Euromoney magazine

newsblur - Mon, 2022-09-26 10:06
IslamicFinance shared this story from "islamic real estate" - Google News. Boubyan Bank on driving digital innovation  Euromoney magazine

WFP Warns Of “Huge Loss Of Life” As Global Food Crisis Worsens

newsblur - Fri, 2022-09-23 10:05
IslamicFinance shared this story from OilPrice.com Daily News Update. World Food Programme (WFP) and the Food and Agriculture Organization of the United Nations (FAO) are out with a new report outlining countries that "are either already starving or on the brink of disaster."  WFP and FAO found 19 hunger hotspots worldwide, with most countries in Africa, the Middle East, and even some in Central America. They call for urgent humanitarian action between October 2022 and January 2023 to avoid "huge loss of life."  Afghanistan, Ethiopia, South Sudan, Somalia, Nigeria, Yemen, and Haiti are labeled "hotspots…

Governments should stop privileging debt over equity

newsblur - Wed, 2022-09-21 11:28
IslamicFinance shared this story from Mohammed Amin - 20 newest items. Tax relief for interest expense paid by trading companies has the effect of encouraging companies to take on more debt, rather than issuing equity. Some countries have experimented with ways of reducing or eliminating this tax privilege for debt. However, even though Islamic finance scholars prohibit explicit interest payments, as far as I am aware no Muslim majority country has sought to reduce the tax privilege for debt.
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