Burnt during the financial crisis of 2008, Islamic banks in the GCC have risen from the ashes with renewed strategy and focus. Dubai in particular has rebounded strongly and competition is stiffer than ever. Yet, despite the cut-throat rivalry, new institutions are still throwing their hat into the ring. This week, IFN takes stock of the Dubai Shariah banking landscape and explores how the impending arrival of new Islamic banks could alter the banking dynamics further.
Be the first to read about Algeria’s national Shariah board plans as we bring you never-been-publicly-disclosed details on the constitution of the council which will have final authority on Shariah compliance of Islamic financial transactions. Among the plethora of reports this week, particulars on Bahrain’s recent successful dollar Sukuk offering are also included along with Indonesia’s latest Islamic banking window.
In this issue, you will also read about developments in Germany, the Halal financing sector and asset management authored by leading experts in their fields.
As usual, we wish our readers an insightful and rewarding read.