The recent Islamic Financial Services Board (IFSB) and Asian Development Bank (ADB) conference, ‘Islamic Finance for Asia: Development Prospects and Inclusive Growth’, was held in Manila, the capital of the Philippines, last week. The conference touched on points that were felt to be key to the development of Islamic finance globally: including the need for more short-term liquidity instruments and the importance of strengthening the legal and regulatory structures. Another point of interest to many was that the ADB, in....