Despite the market headwinds, Islamic economy is gaining traction. And recent studies substantiate the fact that the segment offers hope to achieve economic stability. Strong retail demand and proactive regulations have boosted the Islamic banking sector. According to rating agency Moody’s, the growth of Islamic banking is outpacing conventional banking. Another study said the compound annual growth rate or ...

  The International Monetary Fund warned three months ago that Deutsche Bank posed a potential systemic threat to the global financial system. Today the problems facing Germany’s largest lender are fueling a different kind of risk: that of a growing nationalist backlash in Germany. On Monday, the chairman of the German parliament’s economics committee Peter Ramsauer gave an interview to ...

  About 7 million American men of prime working age (25 through 54) are not in the labor force, according to the Bureau of Labor Statistics. That means they don’t have a paid job and haven’t been actively looking for one. This figure does not include those in jail or prison. It does include students and men staying home to ...