IslamicFinance.de

The IFSB said the National Bank of Tajikistan, Prudential Hong Kong, along with Malaysia-based OCBC Al Amin Bank and the Islamic reinsurance unit of Germany's Munich Re will join as "observer" members,

Islamic banking and finance (IBF) is about to become part of the banking and finance landscape of Nigeria.

Satellite operator Yahsat has announced that it has secured the first Shariah-compliant insurance policy for space operations.

OSK Investment Bank plans to set up an Islamic stockbroking business and offer syariah equity-linked investments.

Gatehouse Bank, has bought two student accommodation properties for £29.2m.

Governor State Bank of Pakistan Salim Raza has disclosed that the SBP is actively working with the industry and the federal government to develop Shariah compliant short-term securities, which will be issued on regular basis.

Standard Chartered Bank sees opportunities in Islamic derivative products but is steering clear of hedge funds, another grey area of Shariah-compliant finance, the head of its Saadiq unit said.

Islamic financial bodies, which adhere to religious proscriptions against interest, have a market potential of at least $5.0 trillion, Moody's Investors Service said yesterday.

Kuwait Financial House has teamed up with Canadian based Killam Properties Inc and Sigma Real Estate Advisors to invest in the Canadian real estate market.