Thomson Reuters launches Islamic Finance indicator

imagesCAIVD7UVThomson Reuters yesterday launched an Islamic Finance Development Indicator in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector development arm of the Islamic Development Bank (IDB), a press statement said yesterday.

The indicator is a numerical measure representing the overall health and growth of the Islamic finance industry worldwide.

The indicator expands the scope of Thomson Reuters’ universe of Islamic finance content, research and news analysis to develop a much needed unbiased and reliable multi-dimensional barometer of the development of the Islamic finance industry. The indicator measures five key components – quantitative development, governance, social responsibility, knowledge and awareness.

read more at : http://thepeninsulaqatar.com/business/238122-thomson-reuters-launches-islamic-finance-indicator.html

source : the peninsula qa.

Global adviser needed for Islamic finance, says IDB

The Islamic Development Bank (IDB), a Jeddah-based multilateral institution, has called for the creation of a global sharia advisory board that can offer greater uniformity for the Islamic finance industry, its president said on Thursday.

A centralised format to the supervision of sharia-compliant banking products is gaining favour across the globe, as regulators seek to standardise industry practices and improve consumer perceptions.

“IDB and IFSB (Islamic Financial Services Board) should study ways for creating globally acceptable references for the industry for the benefit of all,” IDB president Ahmad Mohamed Ali said at a conference in Kuala Lumpur.

Read more at : http://www.arabianbusiness.com/global-adviser-needed-for-islamic-finance-says-idb-501825.html?goback=.gde_147616_member_241640927

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