Industry Summits
Glass defiantly half full for Islamic finance
LONDON (Reuters) - While conventional finance in Western Europe and North America is wracked with turmoil and many market participants filled with gloom, in the world of Islamic finance there is a refreshing burst of optimism. Full Article
U.S. Islamic finance market underserved
NEW YORK (Reuters) - Ask about Islamic finance in the United States and the answer, even from a government regulator, is often another question: "Do you mean terror financing?" Full Article
Islamic banking - too Islamic for some?
MANAMA (Reuters) - Islamic finance has surged as more of the world's 1.3 billion Muslims demand services that comply with their beliefs, but the religious link may also be a barrier to growth in non-Muslim and even secular-leaning Islamic states. Full Article | Video
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Key Islamic banking contract under fire
MANAMA (Reuters) - The Islamic finance industry is seeking alternatives to a key contract -- commodity murabaha -- as scholars and bankers grow more vocal in their concerns the deal that once powered the industry is increasingly unsuitable. Full Article
S&P sees boom in Islamic stock investing
LONDON (Reuters) - Standard & Poor's is seeing huge demand for sharia-compliant versions of its main equity indexes, a testimony to growing interest in stock investing from wealthy Muslims, a senior official told Reuters. Full Article
Maturing Islamic finance lures millionaires: HSBC
By Douwe Miedema, European Wealth Management Correspondent Full Article
China Sharia REIT eyes $250 mln
LONDON (Reuters) - An Arab Emirates-linked fund is raising $250 million from Middle East investors for what would be the first Sharia-compliant property trust based entirely on shopping malls in China. Full Article
Iran says Gulf shields its banks from U.S. pressure
MANAMA (Reuters) - U.S. allies such as Bahrain and the United Arab Emirates are helping shield Iran's banking system from Washington's "financial terrorism", the governor of Iran's central bank said on Tuesday. Full Article
Greed and fear hold back Gulf Islamic bonds: LMC
MANAMA (Reuters) - Greed and fear linked to the subprime debt crisis are holding back Gulf Arab Islamic bond sales, even though issuers have little to do with the bad loans that triggered the crisis, a Gulf bond arranger said. Full Article
Sukuk market to hit $100 bln in 2008: E&Y
LONDON (Reuters) - The issuance of global Islamic bonds, or sukuk, is likely to double to $100 billion this year, thanks to higher take-up of Sharia-compliant financial products among Middle East investors, said Ernst & Young. Full Article
More Islamic Banking and Finance News
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Speakers
Obama vows to erase Bush-McCain legacy
DENVER (Reuters) - Barack Obama launched an assault on Republican presidential rival John McCain on Thursday with a promise to reverse the economic failures of the past eight years and restore America's reputation in the world. Full Article | Video
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