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Swiss banks fail to secure a foothold in Islamic Financehttp://www.ameinfo.com/news/Islamic_Finance_and_Banking/
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- Switzerland’s UBS recently announced the vast expansion of its presence in the Middle East, applying for banking licences in Saudi Arabia and Qatar. Despite this, however, when it comes to Islamic Finance the ‘treasury of the world’ lags far behind financial institutions in the UK.
- Middle East: Sunday, July 20 – 2008 at 14:22
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Saudi mortgage law sheds light on Islamic home finance potential
- At the beginning of July, Saudi Arabia’s consultative Shura council passed a full-fledged mortgage law. It still has to be approved by the Council of Ministers but the new law aims to encourage private real estate ownership in the kingdom. With a total population of 27.6 million, including 5.5 million foreigners, only one in five Saudis owns a home.
- Saudi Arabia: Sunday, July 06 – 2008 at 12:49
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June trading hits Dow Jones Islamic Market Indexes
- New record-high energy prices, global inflationary advances and an increasing threat of a war against Iran sent nearly all Dow Jones Islamic Market (DJIM) regional and industry indexes into negative territory in June.
- Middle East: Monday, June 30 – 2008 at 14:52
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Global cities race to become Islamic finance hubs
- As Islamic finance grows by leaps and bounds, a handful of capital cities are champing at the bit to become the centre of the industry, which currently boasts some $500bn in assets. For the moment, Dubai holds the title of Islamic banking hub – but it could soon lose ground, both to traditional competitors like Bahrain and newcomers on the scene like London and even Singapore.
- Sunday, June 29 – 2008 at 15:26
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How conventional bankers can become Islamic finance experts
- The lack of Islamic bankers is one of the biggest challenges the industry faces. Attending courses and obtaining certifications on Islamic Finance is key to winning clients’ hearts and minds in the region as the sector adjusts to the growing consumer interest.
- Middle East: Tuesday, June 17 – 2008 at 14:51
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Islamic finance standardisation is key
- A lack of standardisation continues to dog the Islamic finance sector, but is seen as an important point to resolve to help boost the burgeoning Shariah compliant market.
- Middle East: Wednesday, June 04 –
