The Shariyah Review Bureau was granted a licence by the Central Bank of Bahrain. The organization is an external Shari'ah auditor. Currently most Islamic financial institutions hire their own Shari'ah boards (except in Malaysia which has a national Shari'ah board).
The Islamic Development Bank is partnering with the World Islamic Economic Forum to work on the integration of Islamic economies.
Banks in the Netherlands are exploring how to enable Muslims to purchase homes in a way that is Shari'ah-compliant way within the financial regulatory environment in the country.
Kuwait Finance House will open a new subsidiary to trade sukuk on the secondary market. Although sukuk issuance is growing rapidly, the growth in the sukuk secondary markets lag significantly behind. The company is as yet unnamed.
Hong Kong will host a seminar from January 15th - 16th, 2008 about Islamic finance. It will be organized by the Islamic Financial Standards Board (IFSB), the Malaysian standard-setting organization, and the Hong Kong Monetary Authority.