Kuwait Finance House received the World's Best Islamic Real Estate Finance Provider from Global Finance for its social developmental role in easing home ownership.
The first-ever Islamic finance training catered to over 100 Imams in the US will be introduced to raise the level of knowledge and understanding of Islamic financial transaction law.
Islamic finance is still essentially risk-averse and short-term in its outlook, and Islamic investors share the same view with their bankers and prefers not to invest in Halal businesses and SMEs.
Istanbul Stock Exchange launched an index comprised of 30 listed companies that comply with Sharia banking principles as Turkey seeks to attract interest in its burgeoning Islamic finance.
Indonesia's central bank is aiming to simplify the approval process for Islamic banking products to accelerate the development of the country's Islamic finance industry.
Islamic finance can enhance the financial system's stability but shortcomings in standardisation and liquidity management must be tackled, said European Central Bank policymaker Yves Mersch.
The Malaysian central bank has given two conditional licenses to separate foreign parties to establish mega Islamic banks in the country, with minimum $1 billion in paid up capital.