ASTANA — Islamic finance in Central Asia is set for substantial growth over the next decade, according to a new report, The Future of Islamic Finance in Central Asia, jointly released by the Islamic Development Bank Institute (IsDBI) and the Eurasian Development Bank (EDB), released on May 20. Photo credit: Olivier Le Moal, Shutterstock As
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ken Ofori-Atta has worn many hats in his long career as an investment banker, entrepreneur and until last year Ghana’s Davos-pleasing finance minister. Now he has a new one: a wanted man on Interpol’s red
L&T Finance, a non-banking financial company (NBFC), has completed the acquisition of the gold loan business of Paul Merchants Finance (PMFL), a subsidiary of Paul Merchants. The acquisition includes the transfer of PMFL’s ₹1,350 crore gold loan book, 130 branches, and approximately 700 employees to LTF. This marks LTF’s formal entry into the gold loan
Adding to it, the company had declared a final dividend of ₹44 per share for FY25—its highest-ever—along with a special dividend of ₹12 per share. The special dividend stems from a one-time gain following the partial stake sale in subsidiary Bajaj Housing Finance during its IPO last year. Combined, shareholders will receive a total dividend
Stay informed with free updates Simply sign up to the ESG investing myFT Digest — delivered directly to your inbox. Amid growing calls for a big increase in finance for ocean protection, blue bonds have emerged as a potentially crucial means of mobilising capital. Here is what you need to know about this nascent asset
Global brokerage firm Morgan Stanley, in a note on gold loan companies, said the final regulatory norms announced by the Reserve Bank of India (RBI) are a diluted version of the earlier draft, especially benefiting smaller-ticket loans. This was also highlighted by the RBI Governor during the post-policy press conference. Key beneficiaries include Muthoot Finance
Mutuum Finance (MUTM) is emerging as a top pick for institutional investors in early 2025. Trading under $0.03 in its presale Phase 5, Mutuum Finance (MUTM) has already raised $10.10 million and secured over 11,700 holders. These figures reveal that major funds recognize MUTM’s potential to hit $1 by the end of 2025—turning today’s under-$0.03
When building a financial plan or an investment strategy, most people start in the wrong place. They waste time chasing tactics; they try X or Y or Z for a short period, think it “doesn’t work,” then move on to the next … never realizing that switching from activity to activity is a core reason
Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar was appointed as a part-time member of the 16th Finance Commission (XVIFC) by President Droupadi Murmu on Saturday, June 7. His appointment is made under clause (1) of Article 280 of the Constitution, along with the provisions of the Finance Commission (Miscellaneous Provisions) Act, 1951.
In the rapidly growing decentralized finance market, identifying true value early can make the difference between a modest return and a life-changing investment. With Cardano (ADA) sitting at $0.69 after years of development and hype, and Mutuum Finance (MUTM) priced at just $0.03 in its presale Phase 5, serious investors are asking a simple but