Liquidity management instrument offerings remain limited in Islamic finance, but Basel III's liquidity coverage ratio is likely to create opportunities for their growth, a Standard & Poor's report said.
Most Islamic ba
As banks around the world gear up to meet tough Basel III regulatory standards, Islamic lenders face a source of uncertainty that could prove expensive for them: how regulators will treat their deposits.
In most ways, Islamic bank
Two of Morocco's biggest banks, BMCE and BCP are preparing to launch Islamic subsidiaries as the Moroccan parliament discusses a bill regulating Islamic banks and sukuk issues, banking sources said.
Parliament's approval w
The Kuala Lumpur-based Islamic Financial Services Board (IFSB) has published guidelines on capital adequacy for Islamic banks and risk management of takaful, or Islamic insurance, as the industry body expands its activity and membership base.
Islamic banks have an incentive to issue perpetual sukuk with Basel III in the offing, a leading Islamic finance scholar has said.
According to Shaikh Nizam Yaquby, perpetual bonds/sukuk are classified as tier
Kuwait Finance House-Bahrain (KFH-Bahrain) has announced the closing of the first ever merger between three Bahrain-based Islamic banks, Elaf Bank, Capital Management House and Capivest.
The merger created a strengthened financial
The Islamic Financial Services Board (IFSB) released new draft guidelines on capital adequacy for Islamic banks and the risk management of takaful (Islamic insurance) companies, the industry body said in a statement on Thursday.
As Oman prepares to introduce Islamic finance, a restriction on the money market instruments which banks can use may curb their ability to manage funds in the market, hurting profitability.
Authorities are expected to release Isla
The Kuala Lumpur-based Islamic Financial Services Board (IFSB) plans to revise its capital adequacy guidelines for Islamic financial institutions, with a draft to be released in November for industry feedback.
The IFSB sets global
New Islamic banks set up in Oman will struggle initially to compete with established conventional banks offering Sharia-compliant services when the country opens up its banking sector, according to Fitch Ratings.