Showing posts with label maybank islamic. Show all posts
Showing posts with label maybank islamic. Show all posts

Wednesday, 5 October 2011

BANKING - Islamic finance seen taking roots in Turkey

GULFTODAY.AE - ISTANBUL: Turkey could emerge as a key market for Islamic finance while Asia continues to drive the industry’s growth but markets are still assessing the full impact of the global downturn on the sector, Maybank Islamic said on Tuesday. 

The recent growth of the sector coupled with the launch of several Islamic funds and a law granting tax neutrality to sukuk products have stirred talk that Turkey is poised to be the next growth market for sharia finance.    (source)

Monday, 25 July 2011

WORLD - CAPITAL MARKETS - Third party guarantees for sukuk set to take off

One of the positive outcomes of the 36th annual board of governors meeting held in Jeddah last month was the approval by the Board of Directors of the Islamic Corporation for the Insurance of Export Credit and Investment (ICIEC), the standalone export credit and political risk insurance agency of the IDB Group, of the corporation's capital from the current $240 million to $640 million. (source)