Islamic finance
Pakistan develops five-year Islamic finance plan
State Bank of Pakistan’s Kazi Abdul Muktadir praises the growth of the Islamic finance industry; outlines new operational frameworks
IMF paper compares Islamic and conventional finance
Working paper examines returns on Islamic and conventional finance; finds differences in returns are not statistically significant
MAS managing director on challenges to Islamic finance
Managing director of the Monetary Authority of Singapore, Ravi Menon, highlights challenges facing Islamic finance sector; emphasises need to adapt to changing global environment
Bahrain executive director on growth of Islamic funds
Importance of Islamic finance highlighted by Central Bank of Bahrain executive director; considers methods to encourage growth in the industry
Islamic Financial Services Board issues new guiding principles
New guidelines focus on liquidity risk management and stress testing for institutions offering Islamic financial services; new members added at latest meeting
Governor Zeti encourages use of Islamic financing
Zeti Akhtar Aziz says Islamic finance presents new opportunities to support the economy and overall financial stability
Anwar stresses rising importance of Islamic finance
Governor of the State Bank of Pakistan discusses developments in Islamic finance and calls for innovation to continue
Zeti discusses Islamic finance talent development
Governor of Bank Negara Malaysia stresses the importance of talent development in financial services; growing importance of Islamic finance means education is necessary
Organisation of Islamic Cooperation agrees to strengthen collaboration efforts
Central bank and monetary authority representatives gather in Kuala Lumpur to discuss place of Islamic finance in changing global financial system; reaffirm commitment to strengthening collaboration
Bahrain’s Al Maraj on similarities of Islamic and conventional banking regulation
Central Bank of Bahrain governor Rasheed Mohammed Al Maraj discusses comparisons between regulation in Islamic and conventional finance
Islamic banks' return on deposits comove with conventional banks: IMF paper
Fund study says returns on deposits of Islamic banks in Turkey and Malaysia exhibit similar trends to conventional banks
Singapore’s Tai on deepening Islamic capital markets
Monetary Authority of Singapore executive director Tai Boon Leong says wider range of products will help deepen Islamic capital markets
Malaysia’s Zeti urges more reforms to Islamic financial system
Bank Negara Malaysia governor Zeti Akhtar Aziz calls for further development of cross-border framework in Islamic financial system
Mauritius’s Bheenick: Islamic banking expanding from niche market
Bank of Mauritius governor Rundheersing Bheenick says Islamic banks’ operations could rival conventional banks in some countries
Turkey’s Yılmaz on liquidity management
Central Bank of Turkey governor Durmuş Yılmaz on liquidity management issues in Islamic finance
Malaysia’s Kadir on enhancing sharia governance
Bank Negara Malaysia deputy governor Mohd Razif bin Abd Kadir says stronger governance framework will provide greater scope for sharia products
Malaysia’s Zeti optimistic on sukuk growth
Bank Negara Malaysia governor Zeti Akhtar Aziz says Malaysia looks to build on success of Islamic finance products in 2011
Applying liquidity rules to sharia banking
Brandon Davies looks to history for an idea on how regulators can develop liquidity rules that will work for Islamic and conventional finance
Issues in regulating Islamic finance
The regulation of Islamic finance suffers from several seemingly entrenched problems. Mushtak Parker highlights the barriers to better regulation, while noting some grounds for optimism
Regulating Islamic finance: a primer
Claire Jones outlines how and by whom Islamic finance is regulated
Islamic liquidity facility names Zeti chair
Bank Negara Malaysia’s Zeti Akhtar Aziz to chair International Islamic Liquidity Management Corporation; HSBC banker chosen as chief executive
Bahrain’s Al-Maraj calls for new Islamic finance business model
Central Bank of Bahrain governor Rasheed Al-Maraj says Islamic financial institutions should cover essential activities to generate more steady income stream
Islamic finance poses challenges for central banks: Bank of Italy
Bank of Italy study says underdeveloped market for Islamic finance creates problems for central banks and regulators
Bank Negara’s Zeti: international links key to Islamic finance
Bank Negara Malaysia governor Zeti Akhtar Aziz says growth in Islamic finance down to international cooperation