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Chinese province launches insurance for businesses hit by coronavirus

(Reuters) - China's southern province of Hainan has launched the first specially-designed insurance product to cover losses incurred by businesses as a result of the coronavirus outbreak in the country, the banking and insurance regulator said.

Irregularities at Pakistan bank’s Mideast ops

KARACHI: A Middle East operation of Pakistan’s largest bank displayed “significant irregularities” in dealings with politically exposed clients and screening some transactions, according to an inspection by the South Asian nation’s central bank that took place more than a year after the lender was shut out of the US financial system.

Inceif: Make Islamic finance part of the halal ecosystem

KUALA LUMPUR: Islamic finance should be made part of the halal ecosystem and not as a separate entity as practised in many countries where the industry is a part of the economy.