Wednesday, June 26, 2013

CIBAFI lobbying can expand and improve the Islamic finance industry



As CIBAFI expands beyond its GCC base, it will be able to share the experience of the GCC countries where Islamic finance has matured from a new industry to one that now makes up a substantial portion of bank assets.  However, it should also remain focused in its core markets of the GCC where there remains a need to improve governance (including Shari’ah governance) and to clarify for consumers the status of Islamic windows relative to their conventional parents.

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