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When Waqf meets Banks

May 30, 2017 • FINANCE & BANKING, Banking Innovation, Personal Finance, Responsible FinanceComments (0)

By Ebi Junaidi Global economy has been leaning toward innovations focussed in achieving sustainability. Ebi Junaidi promotes the age-old Waqf “movement” established by the Muslims. The Waqf system, with its philanthropic nature, does not only motivate sustainability but more importantly promises to enable financial institutions that goes beyond

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Developments in Global Tax Transparency and the Need for Effective Dialogue Part 2

May 26, 2017 • FINANCE & BANKING, Governance & Regulation, Personal FinanceComments (0)

  By Philip Marcovici This is Part Two of the article. Part One introduced the topic of tax transparency, and the global move towards automatic information exchange. Part One discussed some of the many abuses of bank secrecy by legacy private banks and

Developments in Global Tax Transparency and the Need for Effective Dialogue Part 1

May 24, 2017 • GLOBAL ECONOMY, FINANCE & BANKING, Personal FinanceComments (1)

By Philip Marcovici This is Part One of the article, and Part Two will be published in the next edition of the World Financial Review Tax compliance is one of the many challenges different nations are facing. When we think of wealth owners “hiding” their

Tax Avoidance: Between Temptation and Trouble

February 14, 2017 • FINANCE & BANKING, Global Capital Markets, Governance & Regulation, Personal FinanceComments (0)

By Matthias Kasper and Erich Kirchler Fostering tax compliance is a key challenge for global politics.  Public revenues need to be protected, and confidence needs to be restored in a system that is deemed ineffective.   Conservative estimations indicate

Active Investing? That’s So Twentieth Century

June 6, 2016 • FINANCE & BANKING, Editor’s Choice, Banking Innovation, Global Capital Markets, Personal Finance, Unprotected PostComments (0)

By Edward Morris The movement to passive investing has been unrelenting. Investors may harbour doubts that the markets are perfectly efficient, but they increasingly act as though they are, and index funds have become their investment of choice. The twentieth

Luxury Taxation, Good for Economic Development?

March 25, 2016 • FINANCE & BANKING, CULTURE & LIFESTYLE, Europe, Global Capital Markets, Governance & Regulation, Personal FinanceComments (1)

By Patrick Imam Developing countries are struggling to mobilise resources to finance social and infrastructural development. The author argues that one avenue is to tax luxury goods more heavily, which could simultaneously tackle inequality and spur

The Role of Ethical Finance in the Well Being of the 21st Century Societies

September 30, 2015 • FINANCE & BANKING, Banking Innovation, Global Capital Markets, Governance & Regulation, Personal FinanceComments (0)

By Sofia Santos According to the Report produced by the Commission on the Measurement of Economic Performance and Social Progress, chaired by Joseph Stiglitz, it is acknowledged that “…GDP is an inadequate metric to gauge well-being over time particularly

Will There be Such a ‘Think’ as Responsible Investment Banking One Day?

September 30, 2015 • FINANCE & BANKING, Banking Innovation, Global Capital Markets, Governance & Regulation, Personal FinanceComments (1)

By Karen Wendt In this article, Karen Wendt, the editor of Responsible Investment Banking: Risk Management Frameworks, Sustainable Financial Innovation and Softlaw Standards, gives our readers an introduction to her latest body of work which is a collection

The Origins of Business

June 4, 2015 • GLOBAL ECONOMY, FINANCE & BANKING, Banking Innovation, Global Capital Markets, Personal FinanceComments (1)

By Keith Roberts This essay outlines how business entities began and grew to become the recognizable ancestors of modern business. It suggests that deliberate innovation and marketing are the principal distinctions between modern and ancient business, and

The Obstacles To Women’s Entrepreneurship In Europe And How To Deal With Them

June 4, 2015 • GLOBAL ECONOMY, BUSINESS & INNOVATION, Europe, Personal FinanceComments (2)

By Viviane De Beaufort An increasing number of women are interested in creating their own business – yet even in the 21st century, there are still obstacles that face them. Viviane de Beaufort distinguishes between the different types of women wishing to