Category: Islamic Finance
Qatar Islamic Bank looks to acquire stake in Turkey’s Bank Asya
- Published on Thursday, 27 March 2014 07:03
- 1 Comment
Qatar Islamic Bank (QIB), Qatar’s largest Islamic bank, is in discussions to buy a stake in Bank Asya, Turkey’s largest participation bank (a.k.a. Islamic bank). This is the second Qatari bank to jump in to Turkey in the past year. Last March, Commercial Bank of Qatar (CBQ) acquired a 70.8% stake in Alternatifbank AS. QIB’s timing, however, might prove to be better than CBQ’s.
Bank of England is looking to enhance its appeal to Islamic banks
- Published on Thursday, 27 March 2014 06:21
- 2 Comments
Photo source: The EconomistThe Bank of England is planning on stepping up its liquidity offerings for Islamic banks amidst growing competition from Kuala Lumpur and Dubai, both of which are commited to becoming global Islamic banking centers. London is still the defacto global Islamic banking center due to the sheer volume of Islamic banking transactions that flow through it. However, new contenders are starting to slice away at London’s pie.
Ambitious Gulf investors to launch Islamic bank in Luxembourg with goal of serving wider European market
- Published on Friday, 29 November 2013 06:30
- 3 Comments
Junk sukuk – the next trend in Islamic finance… and Kuwait looks to launch derivatives to pump up market
- Published on Wednesday, 13 November 2013 15:23
- 3 Comments
Turkey issues $1.25 billion sukuk and sets up Islamic finance center as it finally embraces Islamic finance
- Published on Thursday, 10 October 2013 05:59
- 0 Comments
Source: HaberlerThe Turkish government decided to jump back into the sukuk market with its latest $1.25 billion sukuk al-ijara. The country’s first sovereign sukuk was back in September 2012 with a $1.5 billion issue. The first issue as well as this latest issue have been very successful with high demand from the Middle East. So much so that Turkey has now decided to embrace Islamic finance by setting up an Islamic finance research center.