Monday, August 27, 2007

Shari'ah-compliant index in Doha, Islamic banking in Pakistan, Malaysia

The Doha (Qatar) Securities Market has a new index tracking the Shari'ah-compliant securities listed on the exchange. The index is created by the Doha Investment House and is called the 'Investment House Islamic Index'

Pakistani Prime Minister Shaukat Aziz says the government is actively promoting Shari'ah-compliant banking in Pakistan.

The Malaysian Industrial Development Finance Bhd (MIDF), designed to promote the development of the nation’s industrial sector through the provision of financing for manufacturing-based small and medium enterprises, may convert into an Islamic bank.

Dual Arabic-English registration in the Cayman Islands highlights the reliance of the Islamic finance industry on offshore financial centers.

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