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The Saudi Arabian Interbank Offered Rate (SAIBOR) is a daily reference rate, published by the Saudi Central Bank (SCB or SAMA), based on the averaged interest rates at which Saudi banks offer to lend unsecured funds to other banks in the Saudi Riyal wholesale money market (or interbank market).
The Karachi Interbank Offered Rate (KIBOR) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Karachi wholesale (or "interbank") money market. [1] The banks used it as a benchmark in their lending to corporate sector. [2]
Saudi Arabia remains a major destination for immigration amongst Pakistanis, the number of whom living in Saudi Arabia stands between 900,000 and 1 million (see Pakistanis in Saudi Arabia). [ 14 ] [ 15 ] Saudi Arabia was a major supporter of the " Islamisation " programme of the military ruler Gen. Zia-ul-Haq in the 1970s.
LONDON (Reuters) -Saudi Arabia has joined a China-dominated central bank digital currency cross-border trial, in what could be another step towards less of the world's oil trade being done in U.S ...
Terrorism against the miners is threatening key foreign investment in Pakistan. At least 20 miners were killed and seven others wounded in an attack on a coal mine in Duki district, in the ...
1LINK is the largest banking consortium in Pakistan. The State Bank of Pakistan has mandated that all commercial banks in Pakistan, both foreign and domestic, become members of 1LINK. Additionally, the four switches have been interconnected since 2006, which means that a consumer holding an ATM or debit card issued by any bank in Pakistan may ...
Urdu News is a Saudi Arabian Urdu language-news website with the focus on Pakistan, Saudi Arabia and other parts of the globe. It was the first daily Urdu newspaper published in Jeddah, Saudi Arabia, and also in other Arab countries.
Structure of simple mudaraba contract [11]. Mudarabah is a partnership where one party provides the capital while the other provides labor and both share in the profits. [12] [13] The party providing the capital is called the rabb-ul-mal ("silent partner", "financier"), and the party providing labor is called the mudarib ("working partner").