The recently launched Islamic Interbank Benchmark Rate (IIBR) aimed at raising the quality of the Islamic capital profile has some more banks knocking at its door.

Seeking to tap into the $1 trillion Islamic finance industry, with an expected growth of 15 percent per annum, Thomson Reuters on Tuesday launched IIBR, a benchmark to provide scientific, market-agreed indications for the average expected return on Shariah-compliant short-term interbank funding………………………………………Full Article: Source