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Islamic finance urged to make inroads into CIS countries
The 4th annual Ernst & Young Islamic Funds & Investment Report released at the World Islamic Funds and Capital Markets Conference states that global Islamic fund assets stagnated at $52.3 billion in 2009, remaining at almost the same level as the $51.4 billion posted in 2008. |
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Islamic derivatives: the debate continues to rage
Islamic derivatives are once again being openly discussed in an uncertain market that is still struggling with the fallout from a number of Sukuk defaults even as questions arise over the Shari’ah compliance of certain deals. Is the market ready for Islamic derivatives and will they ever really be seen as truly Shari’ah compliant? Mike Gallagher reports on the latest row to hit Islamic finance. |
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Liquidity assessment of Islamic banks
The nature of Islamic banking with its prohibition on interest has served to protect Islamic banks to some extent, says the Islamic International Rating Agency (IIRA) , but adds that Islamic banks face challenges from declining levels of liquidity in the markets. |
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