January 17, 2026
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Islamic Banking

Pakistan ADB financing deal

Pakistan ADB Financing Deal: $1 Billion Syndicated Loan Secured with 89% Islamic Structure

Daily Current Affairs05 mins

Pakistan ADB financing deal worth $1 billion marks return to global markets with 89% Islamic structure, backed by the first-ever ADB policy-based guarantee. Learn key insights for UPSC, SSC, and Banking exams. Pakistan Secures $1 Billion Syndicated Financing Backed by ADB Guarantee Pakistan’s Ministry of Finance signed a $1 billion syndicated term financing facility on June 18,…

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"Russia Islamic banking"

Russia Launches Islamic Banking Pilot Program: A New Frontier in Finance

Daily Current Affairs03 mins

Russia Launches Islamic Banking Pilot Program: Exploring Shariah-based Finance Russia, a nation with a diverse economic landscape, has taken a significant step in the financial sector by launching an Islamic banking pilot program. This initiative marks a significant departure from conventional banking practices and reflects the country’s interest in exploring Shariah-based finance. In this article,…

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