The Acting Governor of the State Bank of Pakistan said that the Islamic finance industry has great potential and that it should not blindly follow the conventional financial industry.

Malaysia Airports Holdings Bhd plans to issue RM 3.1 Billion of Islamic bonds.

Kuwait’s International Investment Group was unable to make a $152.5 million sukuk payment last month and will not pay any dividends for 2009.

BMI Bank appointed a new head of Islamic Financial Services.

Islamic stock funds in Sri Lanka, Thailand, and Pakistan provided excellent returns.

Tags: islamic finance | Kuwait | Sri Lanka | Thailand | Pakistan | Islamic bonds

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Here is an encouraging article about Thailand realizing that its Muslims will increasingly demand Islamic financial products and that the nation can use this ethical form of financing to fund infrastructure projects.

Tags: Sukuk | Thailand

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