Thomson Reuters launches world's first Islamic Interbank Rate

The new benchmark can be used to price a number of Islamic instruments including common overnight to short-term treasury investment and financing instruments

Thomson Reuters has launched the world's first Islamic finance benchmark rate, designed to provide an objective indicator for the average expected return on Shariah-compliant short-term interbank funding. The Islamic Interbank Benchmark Rate (IIBR) uses the contributed rates of 16 Islamic banks and the Islamic sections of conventional banks to provide a reliable and much-needed alternative for pricing Islamic instruments to the conventional interest-based benchmarks used for mainstream finance.

Established in co-operation with the Islamic Development Bank (IDB), Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), the Bahrain Association of Banks (BAB), Hawkamah Institute for Corporate Governance and a number of major Islamic banks, the IIBR harnesses Thomson Reuters global benchmark fixings infrastructure which is used to compile over 100 fixings around the world.

Rates for Shariah-compliant US dollar funding will be contributed by the 16-member panel in the morning each business day to Thomson Reuters systems and will be published daily on Thomson Reuters terminals and feeds at 11.00am Makkah time (GMT+3). The new benchmark can be used to price a number of Islamic instruments including common overnight to short-term treasury investment and financing instruments such as Murabaha, Wakala and Mudaraba, retail financing instruments such as property and car finance, and sukuk and other Shariah-compliant fixed income instruments. It can also be used for the pricing and benchmarking of corporate finance and investment assets.

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Sharad Pawar 'slap gate' becomes rage on Twitter, Facebook and YouTube

While Sharad Pawar was trending at third spot on Twitter trend across the world within few minutes after the incident, the attacker or serial slapper was also in the top ten



The shocking incident in New Delhi, where one youth assaulted (slapped) Union minister Sharad Pawar at NDMC centre has not only set to become breaking news for the next 24 hours on TV channels, but has also spread over the social media like wildfire.

While many TV channels have uploaded 'exclusive' footage of the incident on YouTube, the number of people posting comments and tweeting their views was so large that both Sharad Pawar and Harvinder Singh began to trend globally. However, with so many camerapersons present at the scene, we can't help wondering how any TV channel can claim 'exclusive' footage of the incident.  For those interested in details, there were 10 postings of the slap on YouTube even while writing this story.

The interest that the slapping incident evoked is best told by Twitter statistics. 'Sharad Pawar' was was trending globally at third spot followed by 'Harvinder Singh' (the youth who slapped Mr Pawar) in under an hour of the news. At around 5pm, Harvinder was trending at top spot with Sharad Pawar at second spot on Twitter trends in India.

Kiran Bedi tweeted that assaults on public functionaries calls for serious reflection at all levels of society including media forms. "Pray proper lokpal bill gets passed in winter session or else pent up anger may come on streets. Politicians may get targeted," she said.

Tushar A Gandhi said, "Slapping Pawar is the result of all the Maro Latka do slogans from Ramleela Maidan."

Here are some selected comments and tweets from Facebook and Twitter...

  • "Best and worst leaders assassinated and bad leaders just gets slaps?”
  • "Sardar who slapped sharad pawar in delhi: Tum apan ko itna mara, hum tumko sirf ek mara, magar sollid mara ki nahi???"
  • "What a Shot. It must have rocked whole BCCI ;)"
  • "Helmet please,'' just heard a politician @ mantralaya"
  • "Dont recommend slapping netas :| but do hope its a wake up call and tells them how fed up we are about corruption, inflation and inaction!!"
  • "harvinder singh slaps sharad pawar and knocks murderous rage #kolaveri di off the top of trends list."
  • "And now we'll see Harvinder Singh is Big Boss soon ;)"
  • "Sharad Pawar to NDTV after getting slapped, "Thappad se dar nahin lagta sahab, 'Sardar' se lagta hai"
  • "People just Misunderstood the Slapper. He just wished 'Happy Thanksgiving' to Sharad Pawar in appropriate manner"
  • "Harvinder Singh, serial slapper who assaulted Sukh Ram earlier & Sharad Pawar today brandished kirpan at site,says will do it again."
  • "Congress is worried now that aam aadmi ka haath, Pawar ke saath"
  • "Now, this #SlapGate incident is going to be the Most Sharad video on Facebook and Twitter."
  • "Breaking news, Headlines, Top stories are gonna hurt Sharad Pawar badly today!!!!many repeats of that jhaapad:)"
  • "Is it true that the thappad -giver, Harvinder Singh, is being wooed by Bollywood for a 'Singh is King' sequel?More slaps,please,we r desis!"

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COMMENTS

Mukesh

5 years ago

Ye Tho baat Hi kuch aisi Thi.
I was Having exam next day But left Books and tuned News channels on TV.. :P

Rahul

5 years ago

There's a Facebook page too now!

https://www.facebook.com/pages/All-corru...

deepak

5 years ago

Sharad Pawar is the fountain head of corruption- Sugar King and God of Builder and Agri Trader lobby.

vikas batra

5 years ago

sabse bada chor hain pawar, aacha kiya ek ki jagah dus marne the, congress ko is liya goosa aaya kyonki aam aadmi ka haath saath ki baajye gaal pe pahunch gaya hein

KS Rao

5 years ago

Pawarji should have turned the other cheek for a good slap and demonstrated how he loves Christ's advice out of respect for minorities in our secular country.

krish

5 years ago

he should have officer his right cheek also

RNandakumar

6 years ago

Who says MoneyLife deals with the drab subject of money only. I had the heartiest laugh after going through the comments with the bonus provided by MalQ.

prem

6 years ago

dil ko sukun mila ek minister ke muh pe 'aam admi' ka chata dekh ke.

ajit vadakayil

6 years ago

Hi,
Punch into google search TEAM ANNA ATTACK ON STATE FROM TOP AND NAXALITES FROM BELOW .
Our politicians under Manmohan Singh are better than Ayatollah Anna and his “foreign money greedy” gruesome foursome.
CAPT AJIT VADAKAYIL
..

Mohan

6 years ago

It is not not slap on the face of an individual by another individual. It is slap on the face of the central government by the common man.

ajit vadakayil

6 years ago

Hi,
Punch into google search TEAM ANNA ATTACK ON STATE FROM TOP AND NAXALITES FROM BELOW .
Our politicians under Manmohan Singh are better than Ayatollah Anna and his “foreign money greedy” gruesome foursome.
CAPT AJIT VADAKAYIL
..

Nagesh Kini FCA

6 years ago

Is it a case of 'aam aadmi ka haath' - the Congress poll symbol, setting right time in the alarm watch - the NCP symbol?

clear conscience

6 years ago

sharad pawar deserved what he got and iam sure god has a lot of other blows left for him. This was perhaps the softest of them all. I just hope he doesnt make Harvinder and his family suffer like he must have made his other opposers in life.

narendra

6 years ago

singh is king wah veer jee tussi kar ditta

Mahesh

6 years ago

Dr Dang ko thappar mara, aur uski goonj Maharashtra mein sunaee dee...

Prosecutors request Conrad Murray be jailed for four years for killing Michael Jackson

Prosecutors have asked a judge to sentence Conrad Murray, Michael Jackson’s former doctor, to the maximum four years in prison for his involuntary manslaughter conviction in the singer’s 2009 death.

Read Article...

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COMMENTS

MurphysLaw

6 years ago

Things are not always clear cut. There is a bit of true in everything. We may never know what’s true and what’s false with absolute certitude. The bottom line is, whether you are rich or poor, free or in jail, we all try to live another day and the “situation” we are in becomes our world; we adapt. Michael failed at that, surely he was like a great dinosaur, and like the dinosaurs he became extinct because he couldn’t adapt. Dr. Murray is not the only greedy person in the never-ending MJ saga. Greed… this is the crooked timber of humanity. In the crux of this drama I would like to jump from that into another shameful exploitati­on of MJ. A line of perfumes dedicated to Michael is about to be launched by Joe Jackson and a profession­al scam-artis­t who is much spookier than Dr. Murray, Julian Franck Rouas. This story will make your eyes curl up in the back of your head when you’ll read about the psychologi­cally malevolent Julian Rouas and the Jackson Tribute Fragrances rogue operation. With no functionin­g conscience­, they have even used Michael’s kids to promote the stinking perfumes…
http://jac­ksontribut­efragrance­s.bl...

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