By Arab News
Published: 15 June, 2009

Standard Chartered Bank has been offering Islamic financial services to clients for over two decades. Clients have included many established families in the Middle East, South and East Asia, including the family of former Malaysian prime minister, Abdullah Badawi. After some initial uncertainties relating to the development of Standard Chartered Bank’s global Islamic business, the bank has now settled into offering one of the more proactive Islamic banking value propositions especially in the Middle East and in Southeast Asia, especially Malaysia, where it has a stand-alone Islamic banking license. Read More...

By Arab News
Published: 16 May, 2009

LONDON: Korea is a relatively latecomer to Islamic finance in East Asia. But following the stated ambitions of neighboring countries such as Hong Kong and Singapore that are trying to establish themselves as international Islamic capital market hubs, Seoul is similarly trying to promote Korea as the same. Kim Jong Chang, governor of the Financial Supervisory Service of Korea, the financial services regulator, believes that Islamic finance is a good innovation in the global financial market and stresses that the Korean government is committed to facilitating it in Korea. Korea believes that the global financial crisis has shown that financial services cannot be divorced from the real economy and sees an ideal fit between its vast industrial base and Islamic finance. Here Lee Do Heon, managing director, Global Business Department, Korea Investment & Securities Co. Ltd., discusses the rationale for Korea's new-found interest in Islamic finance and the prospects and challenges that lie ahead. Read More...

With investors globally holding more than $1.5 trillion in Shariah-compliant investments, there is a need to create adequate and straightforward regulation for Islamic investment instruments that industry players can use to grow their activities, a senior official at the Central Bank of Bahrain (CBB) said recently. Read More...

By Khaleej Times
Published: 03 June, 2009

DUBAI — Shaikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, has been appointed President of the Dubai International Financial Centre (DIFC). Read More...  

By Gulf News
Published: 04 May, 2009

Dubai: Dubai Islamic Bank (DIB) announced on Monday the appointment of Sa'ad Zaman as the Chief Executive Officer of DIB Capital, a full service investment bank offering capital market, syndications, advisory, asset management and PE products / services based in the Dubai International Financial Centre. Read More...  

By Khaleej Times
Published: 30 April, 2009

Dubai: Noor Islamic Bank yesterday reported net profit of Dh511 million for the period ended December 31, 2008. Read More...