issue no. 163 - january–march 2007 / muharram–rabi al awwal 1428

NEWHORIZON Muharram–Rabi Al Awwal 1428
CONTENTS
Features
12
12 Islamic banking and takaful in
Russia: What the future holds
Today’s challenges and the future prospects of the
industry in the world’s largest country with over
15 million Muslim population.
22 The London Islamic Financial
Services Summit
Discussing London’s role in the Islamic banking industry.
25 Bahrain: Middle Eastern promise
A country focus on Bahrain’s financial services market
and its main regulator, the Central Bank.
32 First line of protection
Bank Al Jazira introduces takaful ta’awuni, the first and
only Islamic protection savings plan in Saudi Arabia.
32
38 The role of the sukuk in managing liquidity issues
An interview with Stella Cox, managing director of the UK-based DDGI Ltd,
one of the leading Islamic asset investment companies.
40 Innovations in Islamic finance
Dr Humayon Dar, CEO of Dar Al Istithmar, gives his view on what is the next
big thing in Shari’ah-compliant finance.
Regulars
05 NEWS
A round-up of the important stories
from the last quarter around the globe.
18 IIBI NEWS
19 IIBI LECTURES
January, February and March lectures
reviewed; April lecture preview.
23 RATINGS AND INDEXES
36 ACADEMIC ARTICLE
Credit risk management in
Islamic finance.
42 ANALYSIS
Healthy Islamic banking sector reaches
new heights in Pakistan.
43 APPOINTMENTS
44 ACADEMIC ARTICLE
The time value of money in
Islamic banking.
48 DIARY
50 GLOSSARY
www.islamic-banking.com IIBI 3