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FDH Bank plc has rolled out Islamic banking that will provide Shariah-compliant products and services managed separately through a special window from conventional banking. Islamic banking, also referred to as Islamic finance, is premised on two fundamental principles of Islamic banking, which entails sharing of profit and loss and the prohibition of the collection and
Visually-impaired female athlete Taonere Banda has joined her male compatriot Mphatso Saukile as the first Malawian Paralympic athletes to qualify for the World Paralympic Games. This comes after Banda met the qualifying standard time and took bronze in the women’s 400 metres (m) T-13 category during the 2024 World Para Athletics Grand Prix in Marrakech,
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Employers Consultative Association of Malawi (Ecam) has asked employees to be patient as they wait to start receiving wages in line with the newly gazetted minimum wages. Ecam executive director George Khaki said this in relation to some employees’ worries that their employers cannot afford to pay the new wages by the end February. He
Small and medium enterprises have been left in the cold followin g Reserve Bank of Malawi (RBM)’s decision to raise the policy rate by two percentage points to 26 percent. Within a period of 10 months from April 2023, RBM has hiked the policy rate, the key driver of interest rates on loans, by 800