SYDNEY, Oct 11 (Reuters) – Russia’s largest lender Sberbank is considering setting up an Islamic finance entity and will propose regulatory changes to facilitate sharia-compliant business, a senior bank official told Reuters.

Source: Russia’s Sberbank considers Islamic finance entity, to propose regulatory change

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‘Worst has passed’ for Singapore economy but MAS in no rush to shift policy: Analysts The central bank remains wary of subdued inflation and a still-weak labour market, economists say.

Source: ‘Worst has passed’ for Singapore economy but MAS in no rush to shift policy: Analysts – Channel NewsAsia

Saudi PIF launches ‘Fund of Funds’ to back SMEs RIYADH, 1 days ago The Public Investment Fund (PIF) has announced the establishment of the Fund of Funds, a new investment vehicle designed to provide small and medium-sized enterprises (SMEs) with access to capital by investing in venture capital and private equity funds targeting the SME sector.

Source: Saudi PIF launches ‘Fund of Funds’ to back SMEs

Saudi Aramco plans ‘mega investment’ in India The plant is slated to be among the world’s largest, in a country that imports about 80% of its crude

Source: Saudi Aramco plans ‘mega investment’ in India – Energy,Saudi Arabia,South Asia – ArabianBusiness.com

Hometrack has been appointed by Foundation Home Loans to provide Automated Valuation Model (AVM) services for its portfolio of buy-to-let clients. The property analytics business will support Foundation Home Loans over the next three years in analysing portfolios of residential properties using its buy-to-let AVM.

Source: Hometrack appointed by Foundation Home Loans | Mortgage Introducer

John Charcol has appointed Mark Fleet as chief executive with immediate effect. Fleet held previous roles at Skipton Building Society as distribution director and Chase de Vere Financial Solutions, playing a key role in their sale to the AWD group in 2004. As managing director at AWD Moneyextra, he was instrumental in developing the telephone based mortgage and financial advice propositions as part of Moneyextra.com.

Source: John Charcol appoints new chief executive | Mortgage Introducer

Banking may be well paid, but even by its standards, some pay better than others.Now salary benchmarking site Emolument has assessed salaries from 338 recent graduates starting their careers in banking, with M&A, sales and trading, looking at the institutions which come top for bringing in the most money early on.At £50,000, starting salaries at some investment banks are more than twice the average City graduate paycheck, which Emolument says is £24,000.And the research noted that while the pay gap between revenue-generating employees such as traders and back-office support staff starts early at