The Islamic Development Bank Group has affirmed its continuity in support to Sudan and provision of funding for Sudan development projects.

This came during the meeting of the Minister of Finance and Economic Planning, the Governor of the Central Bank of Sudan and the accompanying delegation with the President of the Islamic Development Bank Group.
The delegation also met with the Director General of the Arab Fund for Development, who expressed the bank's readiness to intensify efforts to support and"...

Despite a fast growing Islamic banking industry, the implementation of monetary policy

and the transmission mechanism of monetary policy in the presence of Islamic banks remains a challenge for the central banks
(CBs). The challenges arise not only from the Islamic finance core principles but also from the macro financial background and monetary policy frameworks of countries where Islamic banks operate. Since the early 1990s, the related"...

(AETOS Wire)-- In light of recent news regarding the New York branch of Habib Bank Limited (HBL), Habib Bank AG Zurich wishes to clarify that it has no legal or beneficial, direct or indirect affiliation, or shared ownership in HBL, a Pakistan-based financial institution.

Habib Bank AG Zurich was established in 1967 in Switzerland and operates in various global locations through branches and subsidiaries."...