Showing posts with label Islamic finance norms. Show all posts
Showing posts with label Islamic finance norms. Show all posts

Wednesday, February 18, 2009

Banker for global group on Islamic financing norms


Gulf Times:AN INTERNATIONAL Islamic authoritative body for harmonising legal and regulatory standards in Islamic financing is the need of the hour, according to a top banker.

Moreover, it was imperative to address the asset-liability mismatch in Shariah-principled funding due to the absence of short-term liquidity management and longer-term refinancing instruments, said Doha Bank CEO R Seetharaman at the Middle East Financial Law Congress, which will conclude today...Continue Reading

Tuesday, February 17, 2009

Saudi body pushes for Islamic finance norms

Gulf Times:A Saudi Arabian Islamic finance body aims to set up a committee of senior Islamic scholars in the kingdom by 2010 to help standardise Islamic banking edicts in the Gulf oil producer, an official said yesterday.
The Islamic International Foundation for Economics & Finance is in the early talks with Sharia scholars and hoped to “institutionalise” Islamic rulings within a year, said Yousef Abdullah al-Zamil, the foundation’s assitant secretary general...continue Reading