Tuesday, April 10, 2007

News catch up, part one

Malaysia's state-run pension fund Employees Provident Fund (EPF) which last month became the new owner of Rashid Hussain Bhd (RHB) could buy CIMB Bank, which runs an Islamic banking subsidiary CIMB Islamic.

A description of the takaful industry in the Gulf Cooperation Council (GCC) from Standard & Poor's including challenges and opportunities for the the industry.

A description of Islamic finance with specific reference to the market in the U.K. and an article on the U.K.'s lead in providing Shari'ah-compliant financial products.

Japan wants Asia to be the center of the global Islamic finance market and the Japan Bank for International Cooperation (JBIC) may issue sukuk in the future. [Previous posts about JBIC]

Kuwait's National Assembly votes to allow the government to open an Islamic bank, the Jaber Islamic Bank, which will be 24 percent government-owned.

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