77,053 exclusive articles and counting...

Leveraging Islamic Finance to Develop a Sustainable Capital Market

More banks converting into Islamic banks is credit positive for the sector

Since the start of 2020, Bangladesh Bank (BB), the central bank of Bangladesh, has approved the requests of three banks to convert to Islamic banks, indicating an increase in the central bank's willingness to allow conversions. This is credit positive for the sector because it will drive penetration of Islamic banking at a time when the growth of the sector is slowing amid economic disruptions caused by the coronavirus outbreak. Furthermore, a bigger Islamic presence will raise awareness among the....

Restricted access

Login to continue reading (existing users)

Lost your password?

Register Now for FREE Access

Read the latest Islamic finance related reports from Moody's - a leading provider of Islamic finance credit rating agency content

Register Now