Business Blog

Dubai-based Noor Bank is looking to Turkey and other international markets to escape tougher competition at home and take advantage of a booming global sharia-compliant finance industry, its chief executive told Reuters on Tuesday.

Malaysia-based International Islamic Liquidity Management Corp has expanded the amount of its outstanding sukuk under a program to give sharia-compliant banks a cross-border tool for liquidity management.

The Islamic Republic of Pakistan has set initial profit thoughts of 6.875% area on a five-year US dollar benchmark sukuk.

Lahore-based Asia Insurance Company Ltd will seek shareholder approval next week to offer Islamic insurance (takaful) products, the latest insurer seeking to expand into the sector.

Speaking to Amwal Al Ghad on Thursday, Akef explained that the

The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions will revise four of its standards in the first half of next year while expanding its guidance for Islamic bonds.