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Islamic Finance Briefing - Categorized | Banking, Market Moves, Performance more

Islamic banks to boost profit on money-market products

Posted on 07 December 2010

From Bloomberg: Islamic banks will be offered a range of new money-market instruments in coming months, allowing lenders to earn larger returns from excess cash stored at central banks or locked into longer-dated securities.
The International Islamic Liquidity Management Corp., which is being set up in Kuala Lumpur by 11 central banks, will sell its first short-term bills in dollars early next year, Malaysian central bank Governor Zeti Akhtar Aziz said Oct. 28……………………………………….Full Article: Source

 
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