Emirates Bank and Bank TuranAlem, the second largest bank in Kazakhstan, are moving forward towards opening an Islamic bank in the country. The process started back in May when the two firms signed a Memorandum of Understanding
Moody's , the ratings company, explained how takaful companies are rated. The report, "Moody's Approach to Analysing Takaful Companies" discusses the significant differences takaful companies have compared with conventional insurers and mutual insurers.
A review of a new book on Islamic Banking: "Islamic Banking, Finance and Insurance: A Global Overview," by Saluhuddin Ahmed.
The Islamic Development Bank received an Aaa/Prime-1 issuer rating from Moody's in its recent annual report.