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ICBC s financial institutions head moves on

By Jon Hay 07 Apr 2021 Iqbal Nasim, head of financial institutions at ICBC (London), will leave the bank in the middle of April to set up a desk at a smaller Asian lender. Nasim has worked at the London office of Industrial and Commercial Bank of China for seven years, during which time he set up the FI desk as well as its MTN programme, and worked on arranging funding for the bank. He covered financial institutions for a wide range . Already a subscriber? Login

Charity helping Muslims sees demand more than double

Charity helping Muslims sees demand more than double Top Story February 25, 2021 LONDON: A charity providing grants to struggling Muslims has seen demand for help more than double within a year in the light of the coronavirus pandemic. The National Zakat Foundation (NZF) received 19,244 applications for financial support in 2020, more than 2.5 times the 7,348 applications in 2019. And it distributed £3.8 million in grants, a 27 per cent rise from the previous year when £2.9 million was given out. Of the applications received last year, 11,740 (61 per cent) were from asylum seekers. At the end of 2020 demand had risen so much the charity was receiving more than 70 requests a day on average, up from 15 a day before the first lockdown.

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