
The Inter-departmental Working Group on Islamic Finance of the International Monetary Fund (IMF) held its first meeting with its External Advisory Group (EAG) on Saturday to discuss issues related to Islamic banking and the development of sukuk markets.
The discussions covered regulation and supervision, the scope for Islamic financial institutions to improve access to finance, including for small- and medium-sized enterprises, the implications of Basel III requirements for capital and liquidity on the industry, and the potential for enhancing Shariah and corporate governance, said the IMF in a statement released after the meeting.
"Participants also discussed development of sukuk market and its potential for financing infrastructure investment and for providing instruments to facilitate liquidity management and central banking operations," the statement said.
The EAG was established by the IMF to help identify policy challenges facing the Islamic finance industry and facilitate coordination with those international institutions involved in establishing standards for the industry, the statement noted.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor