| Lawmakers in Bangladesh are urging the central bank to draft Islamic banking regulations, spurring Standard Chartered Plc to increase investment in the nation's $10 billion (Dh36.7 billion) Sharia-compliant finance industry.
Bangladesh Bank will consider proposals from parliament's finance committee to issue more Sharia banking licences and start an Islamic money market, Jahangir Alam, a central bank spokesman, said in a November 24 interview from the capital Dhaka. The country's seven Islamic lenders, whose assets are growing at 28 per cent a year, now operate under the Bank Company Act and there is only one outstanding Islamic bond, Alam said...............................................Full Article: Source
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