Government supported push to position Istanbul as a gateway connecting the Middle East, Europe and Asia is gathering pace. »

A case being heard at London's High Court will shine a light into the dark corners of Islamic financing gone wrong. »

Kuwait Finance 5.8% profit rate seems high when compared to recent HSBC Amanah MYR sukuk which was priced at 4.24%. »

Beyond the headline growth numbers, the industry has experienced transformative changes, which supports the overarching goal of Islamic finance as a more inclusive and equitable financial system. »

The Islamic banking sector is now systemically important in a dozen countries and growing in many other countries. The growing complexity of products can make it difficult for consumers and investors to discern risks while the broadening of issuers exposes investors to differing counterparty risks. »

Chief Economist for Bahrain Economic Development Board Dr Jarmo Kotilaine stated globalisation of the industry is a work in progress. Kotilaine stressed that what the market needs more is a significant number of active jurisdictions to ensure the industry lives up to its principles of risk sharing and asset-based financing. »

Bonki Rushdi Tojikiston (BRT) has signed an advisory services agreement with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (“IDB”), in order to process and support its conversion to full Shariah compliant operations. The ICD will dedicate seven key teams across the full conversion process: including in the area... »

Turkish Deputy Prime Minister Ali Babacan speaking at the Participation Banks Association of Turkey in Istanbul, said Turkey, Indonesia and the Islamic Development Bank have accelerated their efforts to establish a “megabank” with the aim of creating a platform to serve as a “central bank” for the world’s Islamic lenders. »

The Governor of the National Bank of Kazakhstan, H.E. Kairat Kelimbetov launched the Islamic Financial Services Industry (IFSI) Stability Report 2015 during the Opening session of the 12th Islamic Financial Services Board (IFSB) Summit on 20 May in Almaty, Kazakhstan. The Summit, which is held from 20 – 21 May 2015 is hosted by the National Bank of Kazakhstan. The first IFSI Stability Report was ... »

Khazanah is looking to sell a tranche of "feel-good" Islamic bonds, as it capitalizes on the demand for Shariah-compliant financial products. »