| From Gulf-daily-news.com: French bank BNP Paribas yesterday said it wants to boost revenue from Islamic finance four-fold by the end of 2011 through expanding its regional footprint and use of complex corporate banking products.
"Derivatives, swaps and hedging tools are all much needed by the industry to develop," BNP Paribas global head of Islamic banking Jacques Tripon said. Mr Tripon declined to disclose a target figure for growth in Islamic operations, but said the bank wants to grow Islamic operations in South East Asia and some Mediterranean countries..... Full Article: Source
|