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Islamic finance: 'Meaningful narrative needed'

ISLAMIC finance continues to grow at a double-digit pace but the industry clearly needs to be rid of the distractions for it to have a “meaningful narrative”, said HSBC Amanah Bhd chief executive officer Arsalaan Ahmed.
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Islamic finance gets on its feet in North Africa

Governments in North Africa are increasingly leaning towards solid regulations for Islamic finance in a quest to find Shariah-compliant alternatives for decreasing conventional funding sources in order to rein in their current account and budget deficits....
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Qatari banks in talks to form Sharia-compliant $44-bn megabank

Doha (AFP) - Three Qatari banks announced Tuesday that they are in merger talks to create a financial institution with assets of more than $44 billion....
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Foreign banks shaken by Malaysia's move to halt currency slide

Foreign banks in Malaysia on Thursday were trying to work out how to comply with the central bank's clamp-down on offshore ringgit trading, a move the broader market views as a form of capital controls. ...
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Pakistan banks and economy grow despite political turmoil

Pakistani banks and the economy are growing at a good pace, despite the ongoing war on terror and the political agitation which just been suspended....
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Iran, Malaysia to Boost Cooperation in Islamic Banking: CBI Chief

TEHRAN (Tasnim) – Central Bank of Iran (CBI) Chief Valiollah Seif, who is in Southeast Asia on an official visit, said Tehran and Kuala Lumpur are resolved to promote mutual cooperation in the area of Islamic banking. ...
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Islamic finance continues to grow in the British Virgin Islands

...Last year saw the continued growth of Islamic finance products in the British Virgin Islands.......
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Barclays Said to Cut About 150 Dubai Corporate Banking Jobs

Barclays Plc will cut about 150 jobs in Dubai as the U.K. lender restructures its Middle East corporate banking business, a person with knowledge of the matter said....
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Tajikistan keen on Islamic banking; seeks investment from Qatar

Tajikistan is keen to benefit from Islamic banking and utilise the experiences of Islamic banks in his country, Minister of Economic Development and ......
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[Pakistan] Govt to borrow Rs1.9 trillion in first quarter

KARACHI: The government will borrow Rs1.9 trillion from banks in the first quarter of the new calendar year mostly to meet domestic debt repayments....
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