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Fleming Gulf's Asia Islamic Banking Conference 16/03/2010 Malaysia Fleming Gulf announced the launch of Asia Islamic Banking Conference, 5-7 July 2010 at Kuala Lumpur. Malaysia, with an Islamic banking sector of about $43 billion, has been a pioneer in Islamic finance in Southeast Asia.

Keynote plenary session at World Takaful Conference 16/03/2010 United Arab Emirates The opening keynote plenary session of the 5th Annual World Takaful Conference (WTC 2010) features a high-profile faculty of international industry leaders who will revisit Takaful growth horizons with an emphasis on re-aligning business models in the aftermath of the global economic crisis.

Quest for the ‘true Islamic economy’ 16/03/2010 Brunei Darussalam AS THE Islamic finance market grows, debates remain on some of the Islamic financial structures which some scholars spurn for being too close for comfort to conventional finance products. The Brunei Times speaks with Sri Anne Masri, a local Islamic business consultant, about one of these controversial products, tawarruq, which is a subject of debate among scholars.

Kazakhstan Plans First Sale of Islamic Debt in 2010 16/03/2010 Kazakhstan Kazakhstan, central Asia’s biggest energy producer, may sell Islamic bonds for the first time as it seeks to attract overseas money to finance its budget deficit.

Islamic Banking Has Proven Success 16/03/2010 Syrian Arab Republic Governor of Central Bank of Syria (CBS) Adib Mayala has urged more efforts to adopt a unified Islamic reference to avoid division and jurisprudential debate in Islamic banking.

IDB approves $333.9 million in new grants 16/03/2010 Saudi Arabia The board of executive directors of the Islamic Development Bank (IDB), which concluded its 266th meeting at its headquarters in Jeddah, has approved $333.9 million for financing new projects.

Islamic Development Bank eases conditions of financing in Azerbaijan 16/03/2010 Azerbaijan International financial institutions start reconsidering conditions of financing for projects in Azerbaijan.

Jordan takes part in Islamic banks conference in Syria 16/03/2010 Jordan    Syrian Arab Republic The 5th Islamic Banks and Financial Institutions Conference kicked off here on 15, March, 2010 to discuss risk management and liquidity at Islamic banks.

Islamic Banking Thoughts – Finland 16/03/2010 Finland Left Alliance chairman Paavo Arhinmäki wants “people’s bank”, which does not necessarily take the interest rate. Islamic banking is one that seems the closest equivalent to Arhinmäen thinking, even if the state owned Post Office Savings Bank in due course, for example a sample of the mentioned.

Tighter rules against prudential risks urged 16/03/2010 Malaysia THERE needs to be tighter regulations and standards against prudential risks of financial institutions, a Ministry of Finance official on 15, March, 2010 said.