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Tuesday, 11 October 2011

gulfnews : Islamic bodies eye corporate funding opportunities

Islamic financial institutions operating in the region are keen to tap into the long term corporate financing opportunities, including project finance that exist in the market, bankers told a gathering of Islamic finance experts and corporate treasurers in Abu Dhabi yesterday.

The International Summit on Islamic Corporate Finance (ICFS 2011), which opened yesterday at the Le Royal Meridien in Abu Dhabi, saw leading Islamic bankers and corporate borrowers engage in innovative discussions that focused on boosting deal flow in the Islamic corporate finance space.

The summit dwelt on how to capitalise on the increasing demand for Islamic finance from the business sector as a diversified component of their funding mix.