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Islamabad: The second World Islamic Economic Forum (WIEF) ended a three-day meeting here yesterday with a declaration urging Muslim countries to "promote and intensify Islamic banking, finance and insurance".

The declaration called on governments of the 57 member states of the Organisation of the Islamic Conference (OIC) to provide "fullest support" to the activities and programmes of the forum.

PETALING JAYA: With efforts intensifying to promote Malaysia as an Islamic banking hub, experts say the time may be right for the establishment of a mega Islamic bank in the country. 

The idea for a mega Islamic bank, first mooted by the General Council for Islamic Banks and Financial Institutions (CIBAFI), clearly has been on the minds of many industry players. 

THE Islamic Bank of Britain has joined the world of internet banking, making Islamic banking more accessible to its customers, writes Sara Black The bank, which has a branch on South Road, Southall, has also launched a Sharia’a compliant direct savings account, making it the only British bank to offer Sharia’a compliant savings.

Merwin Fernandes, VP and business head for Infosys’ banking solution Finacle, said talks were at advanced stages with at least three Gulf-based banks for its core banking solution.

Mumbai; A two-day national workshop on the Roadmap for Islamic Banking in India was held by Jamaat-e-Islami Hind, a leading Muslim organization of India, on 16-17 Sept 2006 at Mumbai. Various International and national finance experts, professionals and bankers discussed diverse aspects to implement Islamic Banking in India and jointly drafted a resolution.