Tagged: United States

Arcapita creditors irked by offer to pay legal fees in failed IPO

Islamic Finance

2013-03-25

Arcapita creditors irked by offer to pay legal fees in failed IPO

Creditors of bankrupt Arcapita say the investment bank should not be allowed to foot the legal bills of lawyers from Linklaters and Freshfields who ran a failed initial public offering last year of Arcapita’s real estate assets. Arcapita has so far pai…

Arcapita creditors irked by offer to pay legal fees in failed IPO

Islamic Finance

2013-03-25

Arcapita creditors irked by offer to pay legal fees in failed IPO

Creditors of bankrupt Arcapita say the investment bank should not be allowed to foot the legal bills of lawyers from Linklaters and Freshfields who ran a failed initial public offering last year of Arcapita’s real estate assets. Arcapita has so far pai…

‘Halal’ Financing for Muslim Entrepreneurs Gains Currency

Islamic Finance

2013-02-07

‘Halal’ Financing for Muslim Entrepreneurs Gains Currency

Bank of Whittier, a community bank in Los Angeles, offers Shariah-compliant products and is one of few institutions specialized in Islamic finance in the United States. The bank, whose staffers speak more than a dozen languages, markets itself to obser…

Texas Credit Union to Run on Traditional Muslim Model

Islamic Finance

2013-01-31

Texas Credit Union to Run on Traditional Muslim Model

Texas-based Jafari No-Interest Credit Union, designed for Shia Muslims, will cover costs with fees instead of interest. The current blueprint is to charge members a $3 monthly fee while the credit union tries to keep costs down. However, additional fee…

: Tyre Nichols, George Floyd and police brutality: Time for a public-union reckoning?
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Technology stocks are on quite a tear to start 2023, but that could actually be an ominous signal.
The Ratings Game: American Express stock enjoys best day since 2020 after earnings show strong spending in holiday quarter
American Express Co. exceeded $50 billion in annual revenue last year, buoyed by continued strong spending levels among its customer base
Market Snapshot: U.S. stocks end higher, tech-heavy Nasdaq scores fourth straight week of gains as Fed meeting looms
U.S. stocks end higher, with the technology-heavy Nasdaq Composite leading the way up, as investors assessed fresh inflation data.
The Moneyist: ‘We just want this to be settled’: My sister-in-law emptied my late mother-in-law’s home. How do we stop our family from pillaging her estate?
‘Do we, given that we are family, have a legal right to access the home? And if there is no outstanding loan on the car, can it be released?’
: ‘Timing couldn’t be worse’: Inflation is easing, but more people are using credit cards for unexpected expenses — and the next Fed meeting will raise borrowing costs
Fed watchers expect another 25 basis point rate increase next week.
In One Chart: How to get a 6% return in bonds this year, according to Guggenheim
This straightforward strategy could get investors a return of nearly 6% in the bond market this year, according to Guggenheim Partners.

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