Swimming not drowning

Swimming not drowning

Bond market has ability to adapt

Digital banking: Special focus

Digital banking: Special focus

Big data, analytics and technology

Islamic finance: Hub or hubris?

Shariah banking is becoming big business in Southeast Asia, with Kuala Lumpur and Jakarta battling for the title of regional Islamic finance centre. But even the most optimistic bankers fear further expansion could be stymied by arcane regulation and lack of cross-border consensus. Eric Ellis reports.


Malaysian bankers hope Kuala Lumpur will become Islamic finance’s answer to Wall Street

HERE ARE SOME concepts that Islamic bankers in Southeast Asia like to throw around in their daily traverse between Mammon and mosque, and which might raise the collective eyebrows of the Western-dominated world of conventional banking – and provide pause for thought too as Islamic financing gains critical mass across Asia and beyond.

If Lehman Brothers was an Islamic bank, it would not have collapsed, because "making money from money" is haram, forbidden under Islam, so its sub-prime derivatives drama would not have happened. Ipso facto, there would not have been a global financial crisis, nor the resultant pain pace RBS, Citi, the bank bonus drama et al. Secondly, the US Federal Reserve is, in effect, now managing policy along Shariah principles because its reducing of interest rates to such a degree, in order to kick-start...


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Final days of Ricardo Salgado and Banco Espírito Santo

Euromoney Pulse Survey: Renminbi’s internationalization continues apace
When BES collapsed earlier this year, markets briefly feared a return of the crisis to Portugal and to Europe. Even after the bank's bailout, investigators still pore over bank documents, transfers and deals, trying to make sense of Salgado’s last days battling to keep his empire afloat. The backstory is of an extraordinary decades-long rivalry between the country's two pre-eminent business families.