Tuesday, October 16, 2007

Islamic finance research fuelling growth, sukuk & a seminar on Islamic banking in Malta

Dr. Nazim Ali, director of the Islamic Finance Project at Harvard University, discusses the growth of the Islamic finance industry, in particular the role that researchers play in its development.

Expect details later this year on the developments which may lead to a U.K. sovereign sukuk.

The Malta Institute of Management will hold the first seminar in Malta on Islamic banking later this month.

Kuwait Finance House Malaysia Bhd, the Malaysian arm of the Middle Eastern Islamic bank may be interested in purchasing conventional assets of RHB Bank in addition to the bank's Islamic banking assets. The bank will then convert these branches, which it believes are in better strategic locations, to Islamic banks.

Sukuk issuance in Pakistan is growing strongly despite only being five years past the first locally issued sukuk.

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