Islamic Banking: a Growing or Shrinking Consumer Market in Kuwait? By Faten Jabsheh, Weam Behbehani, and Shaima Al-Shamali Abstract: “The steady expansion of Islamic banks (IBs) has been the hallmark of the Muslim financial landscape of the 1980s and 1990s. With a network that covers over 60 countries and an asset base of over $166 [...]

You can find additional information on the recently launched Thomson Reuters’ Islamic Interbank Benchmark Rate (IIBR) through the various links below.  This includes the main Islamic Benchmark website as well as various PDF documents included below. Further details can be found on the following topics: – Background – Definition, methodology criteria – Timing of publication – Contributor [...]

Thomson Reuters launches the world’s first Islamic Interbank Benchmark Rate (IIBR) This is a welcome development for the Islamic Finance industry: ‘Thomson Reuters today launched the world’s first Islamic finance benchmark rate, designed to provide an objective and dedicated indicator for the average expected return on Shariah-compliant short-term interbank funding: The Islamic Interbank Benchmark Rate [...]

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Economic Performance of the OIC Countries and the Prospect of an Islamic Common Market By Kabir Hassan Abstract: “This paper examines economic performance of the OIC member countries and analyzes the prospect of Islamic common market by analyzing trade data within a gravity model framework. There is scope of trade creation for OIC member countries [...]