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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