
|
|
www.emergingfinance.com
Islamic Viewpoint
24th May, 2004
International Financial Centers
Governments in Middle East and East Asia are eager to
attract major chuck of financial activity by erecting
expensive real estate infrastructure and adjunct
entertainment facilities funded by generous budgets writes
Fahim uz Zaman
As global Islamic banking industry experience robust
activity, Bahrain, Dubai and Labuan position themselves to
become the primary jurisdiction for international Islamic
financial activity.
Read More...
Regulators
Michael Foot, managing
director of the UK's Financial
Services
Authority explains how prudential principles regulating
conventional banking could be applied to Islamic banking
activities in Europe.
There are several firms already
authorised in the UK are offering Sharia’a compliant
mortgages, there is already one FSA-authorised Islamic
investment fund; and, perhaps most interestingly, there is
considerable well researched interest in forming a UK-based
Islamic bank.
Read More... |