VOL. XLII

No 48

29-November-1999

GENERAL

Moving Towards An Islamic Interbank Market

At the 6th Annual Islamic Banking Forum organizedby Infocenter and held in Abu Dhabi on 13-14 November, the UAE Central BankGovernor, Mr. Sultan al-Suwaidi, offered participants a timely, but notunprecedented, reminder that two major challenges face the Islamic bankingindustry. "One, that Islamic banks need to find an Islamic short-termfinancial instrument to deal with short-term liquidity...which would beaccepted...