Islamic finance

September 14, 2017


Habib Bank AG Zurich is Not Affiliated with Habib Bank Limited (HBL) 

(AETOS Wire)-- In light of recent news regarding the New York branch of Habib Bank Limited (HBL), Habib Bank AG Zurich wishes to clarify that it has no legal or beneficial, direct or indirect affiliation, or shared ownership in HBL, a Pakistan-based financial institution.

Habib Bank AG Zurich was established in 1967 in Switzerland and operates in various global locations through branches and subsidiaries."...

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September 6, 2017


Nigeria plans liquidity support to boost Islamic banking

Nigeria’s central bank has said it is setting up two financial instruments to provide liquidity support to its non-interest paying lenders.
It is a push by Nigeria, home to the largest Muslim population in sub-Saharan Africa, to establish itself as the African hub for Islamic finance.
The central bank has been working to set regulatory ground rules for such things as Islamic bonds (sukuk) and insurance (takaful) to try to emulate the success of the industry in Malaysia.
Nigeria’s banking industry"...

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