IRELAND - Ireland and Malaysia Building a Financial Services Partnership

mifc.com - Governors of OIC Central Banks Recommend Role of Islamic Finance in Promoting Growth and a Diversified Financial SectorThe Meeting of Central Banks and Monetary Authorities of the Organisation of Islamic Cooperation (OIC) Member Countries was held at Sasana Kijang in Kuala Lumpur on 16 November 2011. 

 

The meeting, which was organised and hosted by Bank Negara Malaysia in collaboration with the Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC) agreed that it was important to build a diversified, progressive and inclusive financial sector including exploring the role of Islamic Finance in achieving these objectives. ...

... Ireland is one of the major hubs for cross-border fund distribution. Irish funds are sold in 70 countries across Europe, the Americas, Asia and the Pacific, the Middle East and Africa. At the end of 2010, assets under administration by the industry in Ireland amounted to EUR 1.8 trillion. (source)

LUXEMBOURG - IFSB’s 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.

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. (full story)