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Islamic Banking and Finance News

Islamic Capital Markets Update

Islamic Products Update

Islamic View Point
 
May 2004
 
International
Islamic Financial Services Board receives 13 new members

Bahrain
Islamic Banks records 35.5 percent rise in profits
Credit Agricole to fund financial centre construction project
Bahrain Islamic Bank To establish real estate company
Shamil Bank, Al Marsa Real Estate sign agreement for residential project

Indonesia
Central bank not to subsidize Islamic Banks
Malaysia’s Bank Rakyat to acquire stake in Bank Muamalat
Shariah Banks not Specifically Regulated says the regulator

Kuwait
Al-Asria Holding re-brands to converts to Islamic finance institution
Central Bank approves conventional bank's conversion to Islamic institution
New Islamic bank to floats its shares next month
Gulf Finance House raises $53 million for real estate subsidiary

Malaysia
PNB buys controlling stake in Bank Islam
Islamic banking industry’s share hits 9.7 pct of assets.
Central Bank’s paper proposes mandatory Islamic Banking subsidiaries
CAHB plans to return to Islamic banking activities
Central Bank to issue 3 foreign Islamic banking licences

Other News
Nigeria: SEC to Introduce Islamic Capital Market Instruments
Pakistan: Central Bank to issue licences only to new Islamic Banks
Philippines: Creating new Islamic bank not possible, say regulators
Syria: Qatar Islamic Bank to launch Islamic Banking JV in Syria
UAE: Middle East Bank Converts To Islamic Bank, Changes Name
May, 2004
 
 
 
 
 
 
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