Fri, Aug 29, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Emerging Trends more

Islamic banks face dearth of products

Posted on 24 June 2011

Yaseen AnwarState Bank of Pakistan (SBP) Deputy Governor Yaseen Anwar has said there is a dearth of Shariah-compliant hedging products for mitigating risks arising out of genuine business transactions which put Islamic banking institutions (IBIs) at a disadvantage compared to their conventional counterparts.
Inaugurating a workshop on ‘Hedging in Islamic finance and master hedging agreement’, organised by International Islamic Financial Market (IIFM) in collaboration with SBP, Anwar stressed the need for developing a robust risk management infrastructure in the Islamic banking industry which would enable both Islamic banks and their clients to mitigate genuine business risks………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031