IFSB debut summit in Europe attracts widespread interest

This year’s 8th annual summit of the Islamic Financial Services Board (IFSB), scheduled to be held at the New Conference Centre Kirchberg in Luxembourg on May 10-13, is already making an impact.

Banque Centrale de Luxembourg.

The summit, hosted by the Banque Centrale de Luxembourg, is attracting particular interest from the European Union in addition to the traditional markets in the Middle East and Asia.

The summit indeed will be held for the first time in a EU country and Luxembourg is threatening to overtake the UK and France in spearheading Islamic finance in Europe.

For various reasons, the UK model of Islamic Finance is dissipating following hesitation by the UK Treasury in issuing a debut sovereign benchmark sukuk in the wholesale sterling market. At the same time, the five UK Islamic banks have had a

Posted by admin on 25.04.2011. Filed under H-FINANCE. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry