Posted by: islamicfinancingnews | May 18, 2012

Recent summit helps you to stay aware of developments with Islamic Mortgages

Recognizing the growth of the Islamic finance industry over the last ten years, the Central Bank of Turkey hosted the 9th annual summit of the Islamic Financial Services Board (IFSB) that was held May 16th  through 17th in Istanbul.

Members of the governing council of the IFSB and other delegates attended the two-day event. Dr. Mahmoud Mohieldin, Managing Director, World Bank William Coen, Deputy Secretary General, Basel Committee on Banking Supervision, Bank for International Settlement, and Dr. Ghiath Shabsigh, chief of Middle East and Central Asia Division, Monetary & Capital Markets Department, International Monetary Fund (IMF) topped the list of international speakers together with CEO’s from Islamic financial institutions and other thought leaders.

Keeping aware of the latest developments that pertain to the world of  Islamic mortgages and Islamic finance is part of what you’ll need to do to make the correct decisions when it comes to your mortgage. Whether you need the money for a personal dwelling or some kind of business it’s important to make sure that you find the right company that can help you stay away from any business transactions that would run you afoul of Sharia law. It’s important for devout Muslims to be aware of the differences between a traditional mortgage and one that follows the tenets of their faith.







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