Browsing Tag

banking

Tokyo Stocks Close Lower

AFP/APP Tokyo: Tokyo stocks closed lower on Wednesday, weighed down by falls on Wall Street and a tsunami warning issued by Japanese authorities in the morning after an earthquake in Taiwan. The benchmark Nikkei 225 index fell 0.97…

Clergy adopt unified stance on interest

Asem Mustafa Awan All religious schools of thought in Muslim Ummah have the same stance on interest (riba) that it is un-Islamic and oppressive. Addressing a seminar in Karachi on the topic of usury, leading scholars of all schools of…