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Islamic Finance Briefing - Categorized | Banking, Performance more

Islamic banking back on track

Posted on 05 November 2010

From Aiasentinel.com: Despite debt problems in Dubai and Kuwait, the Islamic bond market resumes growth. A year after Dubai’s monster debt problems sent shockwaves though the sukuk (Islamic bond) world, sukuks are thriving again and with them Malaysia’s role as the center of gravity of international Islamic finance.
Although Islamic banking, investment and insurance activity are again gaining global ground, is still relatively small and mainly concentrated not in the most populous Muslim countries but in those such as Malaysia and the United Arab Emirates, which are able to use local liquidity and government help to promote it outside their borders……………………………………….Full Article: Source

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