Turkey’s newest Islamic bank Emlak sets up HQ, aims for 15 branches by year-end – media | Salaam – Global Islamic Economy Gateway

Emlak Bank, Turkey’s sixth and newest Islamic bank, has opened its headquarters in Istanbul and is aiming for fifteen branches in seven regions by the end of the year, reported state news agency Anadolu. Source: Turkey’s newest Islamic bank Emlak sets up HQ, aims for 15 branches by year-end – media | Salaam – Global Islamic Economy Gateway

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Islamic banking assets in Qatar valued at $97bn by end-2017: QFC Authority CEO

Islamic banking assets in Qatar were valued at $97bn by the end of 2017, which constituted nearly 81% of the total Islamic finance assets, said QFC Authority chief executive officer Yousuf Mohamed al-Jaida. In the past five years, the growth of Islamic banking industry assets in Qatar has outpaced that of the conventional banking industry, he said at an event here on Monday. Source: Islamic banking assets in Qatar valued at $97bn by end-2017: QFC Authority CEO

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ChinaAMC (HK) and RHB launch shariah-compliant China fund in Malaysia – Asia Asset Management – The Journal of Investments & Pensions

China Asset Management Co.’s (ChinaAMC) Hong Kong unit has teamed up with Malaysia’s RHB Group Asset Management to introduce a shariah-compliant China fund as the Chinese firm seeks to tap the potential of the fast-growing Islamic investment market. Source: ChinaAMC (HK) and RHB launch shariah-compliant China fund in Malaysia – Asia Asset Management – The Journal of Investments & Pensions

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