CZECH - Can Islamic banking help boost Czech Republic exports?

www.islamic-finance-conference.net -A good deal of the ongoing economic and financial turmoil on world markets has been blamed on the unscrupulous practices of the international banking and financial sector. Islamic banking, on the other hand, is seen as a fairer and more balanced alternative which has been much less affected by the crisis. Can the Czech Republic benefit from a financial system based on the Islamic law? And can Islamic banking help boost Czech exports into Muslim countries? These are some of the issues debated at an international conference on Islamic banking held in Prague. (source)

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)

FRANCE - IMF - Malaysia promotes Islamic finance at international events (agreement with Banque de France)

Islamic finance is never off the agenda of Malaysian officials whenever they address international, regional or national events relating to finance and the economy. While most IDB (Islamic Development Bank) member countries shy away from promoting Islamic finance on the global agenda including the G20 meeting in Canada in July this year, and some still live in denial about the reality and efficacy of Islamic finance, Malaysia has been championing the Islamic finance agenda, sometimes to the point of embarrassment, not due to their own role but the lack of empathy from fellow Muslim countries.