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BMB Group
Background The BMB Group (formerly Brunei Merchant Bank) is an advisory and asset management platform for ruling families and Forbes 500 investors. In 2015 the firm refocused its business to provide capital and specialist advice exclusively for Forbes 500 families. The company works only with ultra high-net-worth investors in private off-market initiatives. providing specialist advice in the form of business development and strategic advisory services, with a focus on emerging markets of Asia, Latin America, CIS and the Middle East.The firm is co-chaired by HH Prince Abdul Ali Yil Kabier a scion of the Brunei Royal family. The CEO of BMB is Mr Rizmi Niyas. Past advisors for BMB include: Chris Patten, The Rt Hon Lord Christopher Patten, Ratan Tata, Henry Kissinger and Bill Cohen. In an investigative report, Euromoney described BMB as "one of the world’s most exclusive financial institutions. The group calls to mind an era when courts of Asian empires were the global centers o ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Scepter Navy Logo
A sceptre is a staff or wand held in the hand by a ruling monarch as an item of royal or imperial insignia. Figuratively, it means royal or imperial authority or sovereignty. Antiquity Ancient Egypt and Mesopotamia The '' Was'' and other types of staves were signs of authority in Ancient Egypt. For this reason they are often described as "sceptres", even if they are full-length staffs. One of the earliest royal sceptres was discovered in the 2nd Dynasty tomb of Khasekhemwy in Abydos. Kings were also known to carry a staff, and Pharaoh Anedjib is shown on stone vessels carrying a so-called ''mks''-staff. The staff with the longest history seems to be the ''heqa''-sceptre (the "shepherd's crook"). The sceptre also assumed a central role in the Mesopotamian world, and was in most cases part of the royal insignia of sovereigns and gods. This is valid throughout the whole Mesopotamian history, as illustrated by both literary and administrative texts and iconography. The Mes ...
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Humayon Dar
Humayon Dar is the director general of the Cambridge Institute of Islamic Finance, a research institute specializing in the financial sectors of the countries with significant proportion of Islamic banking and finance. Prior to joining Cambridge IIF, Dar served as Director General of Islamic Research & Training Institute (IRTI) of Islamic Development Bank (IsDB). He is also Chairman of the Cambridge-Edbiz Group of Companies, which owns Edbiz Consulting and Cambridge IFA. He is a sharia (Islamic law) advisor, Islamic economics, Islamic economist, and advocate for Islamic banking and finance. He has served as a member of the Shari'a boards of Arabesque Asset Management, Abu Dhabi Commercial Bank, Omarco Holding, Hong Leong Islamic Bank Malaysia, Hong Leong MSIG Takaful, Allianz Global Investors Luxembourg, and UMEX Securities. He served as managing director at Deutsche Bank and CEO of its Islamic finance subsidiary, and has also been a visiting Professor for Islamic Finance for un ...
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Zakat
Zakat ( ar, زكاة; , "that which purifies", also Zakat al-mal , "zakat on wealth", or Zakah) is a form of almsgiving, often collected by the Muslim Ummah. It is considered in Islam as a religious obligation, and by Quranic ranking, is next after prayer ('' salat'') in importance. As one of the Five Pillars of Islam, zakat is a religious duty for all Muslims who meet the necessary criteria of wealth to help the needy. It is a mandatory charitable contribution, often considered to be a tax.Muḥammad ibn al-Ḥasan Ṭūsī (2010), ''Concise Description of Islamic Law and Legal Opinions'', , pp. 131–135. The payment and disputes on zakat have played a major role in the history of Islam, notably during the Ridda wars. Zakat on wealth is based on the value of all of one's possessions. It is customarily 2.5% (or ) of a Muslim's total savings and wealth above a minimum amount known as ''nisab'' each lunar year, but Islamic scholars differ on how much ''nisab'' is and other a ...
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Islamic Banking And Finance
Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include ''Mudarabah'' (profit-sharing and loss-bearing), ''Wadiah'' (safekeeping), ''Musharaka'' (joint venture), ''Murabahah'' (cost-plus), and ''Ijara'' ( leasing). Sharia prohibits ''riba'', or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also ''haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the revi ...
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BMB ISLAMIC Gold
BMB or B.M.B. may mean: * Bhartiya Mahila Bank, India's first bank exclusively for women, Headquarters in New Delhi * Blind man's buff, a popular children's game * Brian Michael Bendis, American comic book writer * Boston–Montreal–Boston, BMB is a randonnée bicycle event of approximately 1200 km * Beattie McGuinness Bungay, a British advertising agency * Bad Movie Beatdown, a web show about bad films * Biochemistry and Molecular Biology, a department at the Johns Hopkins Bloomberg School of Public Health * Bear Mountain Bridge, suspension bridge over the Hudson River in the U.S. state of New York * Boston Marathon bombing * Bone marrow biopsy * Bumba Airport Bumba Airport is an airport serving the Congo River port city of Bumba in Mongala Province, Democratic Republic of the Congo. The Bumba (BBA) NDB is located east of the runway. Airlines and destinations See also * * * Transport in the De ...
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World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ...
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Moeenuddin Ahmad Qureshi
Moeenuddin Ahmad Qureshi (Urdu: معین الدین احمد قریشی‎; 26 June 1930 – 22 November 2016) was a Pakistani American economist and civil servant who served as caretaker prime minister of Pakistan from July to October 1993. Qureshi also served as the senior vice president of World Bank. Biography Early life and education Moeenuddin Ahmad Qureshi was born in Lahore, Punjab, British India, on 26 June 1930. He hailed from a distinguished family that was originally from Kasur. His father, Mohyeddin Ahmad Qureshi, was a civil servant in the British government and his mother, Khursheed Jabin, was a housewife. He attended the Islamia College in Lahore and made a transfer to the Government College University in Lahore where he gained B.A. (Honors) in Economics and received an M.A. in Economics from the Punjab University. He received the Fulbright scholarship and went to the United States to attend the Indiana University Bloomington in Indiana, where he earned a P ...
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Bermuda
) , anthem = "God Save the King" , song_type = National song , song = " Hail to Bermuda" , image_map = , map_caption = , image_map2 = , mapsize2 = , map_caption2 = , subdivision_type = Sovereign state , subdivision_name = , established_title2 = English settlement , established_date2 = 1609 (officially becoming part of the Colony of Virginia in 1612) , official_languages = English , demonym = Bermudian , capital = Hamilton , coordinates = , largest_city = Hamilton , ethnic_groups = , ethnic_groups_year = 2016 , government_type = Parliamentary dependency under a constitutional monarchy , leader_title1 = Monarch , leader_name1 = Charles III , leader_title2 = Governor , leader_name2 = Rena Lalgie , leader_title3 = Premier , leader_name3 = Edward David Burt , legislature = Parliament , upper_house = Senate , lower_house = House of Assembly , area_km2 = 53.2 , area_sq_mi = 20.54 , area_rank = , percent_water = 27 , elevation_max_m = 79 , ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ...
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