Al Khawarizimi College offers bachelor degree in Islamic banking and finance

German finance minister sees signs ECB will raise rates

The new programmes will start from September 1. KIC said the programme will develop a clear understanding of the structure of the Islamic finance industry. The bachelors degree will provide students with the opportunity of learning Islamic principles and methods of banking, economic, finance and accounting through Sharia. The move follows the success of the colleges associate degree courses over the past six years. Students in the programme will develop a clear understanding of the structure, functions, processes and management of Islamic financial institutions and will develop the practical skills required to play an integral role in these institutions after graduation, said Dr Eisa Al Mansour, head of the Islamic banking and finance programme at KIC.

Market Chatter-Corporate finance press digest

That cannot last forever – even if it is a relief to the federal budget,” he said. “The central bank has announced it will raise rates again when the economy improves. That is good.” ECB chief Mario Draghi actually said after the last meeting on rates on August 1 that rates will remain low for some time. The ECB has based this ‘forward guidance’ on the inflation outlook remaining subdued, and growth weak. “The Governing Council confirms that it expects the key ECB rates to remain at present or lower levels for an extended period of time,” Draghi said after the ECB’s August 1 meeting.

* German bank Hypo Real Estate (HRE) plans to start a bidding process in the next few weeks to sell its public finance specialist unit, Depfa, a person with knowledge of the matter told Reuters on Sunday. * BATS Global Markets Inc, the third-largest U.S. stock exchange, is in advanced talks to merge with smaller rival Direct Edge Holdings LLC, the Wall Street Journal reported on Friday, citing sources familiar with the matter. * Alibaba Group is planning a management structure that would allow its partners to nominate the board and retain control over decision-making after it goes public, the Hong Kong Economic Times (HKET) daily reported on Friday. * Goldman Sachs Group Inc put four senior technology specialists on administrative leave after a trading glitch that led to a flood of erroneous options trades, the Financial Times reported, citing people familiar with the situation.

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