Monday, September 08, 2008

Islamic banking in India, sukuk fund, QIB may list shares of its subsidiaries

The head of a cooperative credit society in India discusses the potential benefits from the development of Islamic banking in the country. A recent report, the Rajan Report, endorsed the idea of promoting Islamic banking in India.

Two GCC-based firms, Algebra Capital and Elaf Bank, are launching a $100 million sukuk fund.

Qatar Islamic Bank may list shares in its international subsidiaries when they reach an "appropriate scale" according to the CEO Salah Jaidah.

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