Slowly and unsurely—Three more years before Islamic bond market turns around

Slowly and unsurely—Three more years before Islamic bond market turns around

With the market shrinking, Noor Islamic breathes hope in breaking even this year ahead of target. One step at a time though, bank doesn’t see immediate future in Islamic bonds.

August 4, 2011 11:55 by Reuters

level of financial stability.

Sheikh Ahmed, a respected businessman who helped steer Dubai through its debt crisis, is often seen by the market as a stabilising figure for struggling corporations.

“The change represents confidence in the bank, that we’re at a level of stability,” Al Qemzi said, adding that the appointment of the new chairman, Sheikh Ahmed bin Mohammed bin Rashid al-Maktoum, would not mark a change in strategy. (Reporting by Shaheen Pasha; Editing by Will Waterman)

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Tags: interview noor Islamic, Islamic banking, noor islamic, Noor Islamic bank, Noor Islamic news, Noor Islamic sukuk, Noor Islamic UAE, shariah, sukuk Middle East, sukuk UAE