- Reuters sums up a recent Islamic finance conference in Jordan.
- Belgium is marketing itself to Brunei (in addition to countries in the GCC) as a destination for Islamic venture capital funds.
- A Malaysian company Binariang GSM has partially redeemed $1.1 billion of its senior sukuk.
- The recent debt exchange by Gulf Finance House led Standard & Poor's to raise the rating from selective default to CCC- with outlook negative.
- Bullion Management Group, a Canadian company offering two bullion funds, received Shari'ah approval from the Islamic Finance Advisory Board.
- France is still expected to make changes to its legal and regulatory framework to accommodate Islamic finance.
- The establishment of an Islamic finance company in Kerala, India is still uncertain because of the involvement of the government and the limits of government involvement with a religiously-based financial institution. It may be changed to be an 'interest-free', rather than Islamic institution.
- New tax changes that would implement a goods and services tax in Malaysia will be done so that it has an equal impact on conventional and Islamic financial services.
- Business Week provides a list of the upcoming sukuk issues.