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Islamic Finance Briefing - Categorized | Banking, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Islamic instrument absorbs surplus of Islamic banks

Posted on 17 May 2010

From Yobserver.com: Surpluses of Islamic banks or Islamic instrument will support development through financing infrastructure projects and various sectors of trade, health, education and other, which proved the success of this great experiment in contributing to the development process.
In the lecture held Tuesday by Yemen Bankers Association, Dr. Osman Khair, General Manager of the Stock Market in Khartoum and an expert in the International Monetary Fund (IMF) and delegated to assist the CBY in determining the structure and systems of the Islamic instrument unit at Central Bank of Yemen reviewed Sudan’s experience in issuing Islamic instrument through which the surpluses of Islamic banks……………………………………….Full Article: Source

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