Tag Archives: Banking
Mahmoud El-Gamal @ Rice University.
“The Islamic Financial Services Board (IFSB) is an international standard-setting organisation that promotes and enhances the soundness and stability of the Islamic financial services industry by issuing global prudential standards and guiding principles for the industry, broadly defined to include … Continue reading
“The IILM, founded by the central banks in 2010, aims to address that weakness by issuing sukuk which banks can trade across borders. The IILM sukuk received a high A-1 credit rating from Standard & Poor’s, and the IILM has … Continue reading
“Proponents of the ancient practice, which looks to sharia law for guidance and bans interest and trading in debt, have been promoting Islamic finance as a cure for the global financial meltdown.” via Islamic banking gains attention amid turmoil – … Continue reading