Thursday, October 05, 2006

Headlines for October 5, 2006

"IFIS Launches Exclusive Online Islamic Finance Shariah Supervisory Database", MENAfn, October 5, 2006

The Islamic Finance Information Service (IFIS), a research tool from ISI Emerging Markets has launched a database of Shari’ah scholars that is searchable both by scholar and institution. It is designed to allow institutions to find Shari’ah scholars. However, there is still a shortage of Shari’ah scholars with in depth knowledge of complex financial products, which are needed to meet the increasing demand for Shari’ah-compliant financial products.

"QIIB plans Islamic insurance firm in Syria", The Peninsula (Qatar), October 5, 2006

The soon-to-be-established Syrian International Islamic Bank, controlled largely by the Qatar International Islamic Bank (QIIB), has begun plans to open an Islamic insurance (takaful).

"Top-ranked Tokyo-Mitsubishi UFJ to enter Islamic finance", Antara (Indonesia), October 5, 2006

Tokyo-Mitsubishi UFJ, the largest bank by assets will team with Commerce International Merchants Bank (CIMB) to offer Islamic banking products and Islamic bonds (sukuk

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