EghtesadOnline: Bankers prefer the Central Bank of Iran take charge of a long-awaited plan for reforming the outdated banking sector. The call was made in a recent letter to Majlis Speaker Ali Larijani following ratification of the “Comprehensive Islamic Banking Bill” earlier this month.

EghtesadOnline: Islamic Financial Services Board, the international body setting standards and offering guidance for Islamic banking and finance, has a new director at its helm.

EghtesadOnline: A blueprint of Islamic banking has been devised by the Monetary and Banking Research Institute at the request of the Central Bank of Iran Governor Valiollah Seif.

EghtesadOnline: For Islamic banking , the opening up of Iran is a huge development, as Iranian banks make up the world’s largest financial system based on Islamic law, with Islamic banking assets totaling $500 billion.

EghtesadOnline: The 27th Conference on Islamic Banking opened in Tehran in the presence of government spokesman Mohammad Baqer Nobakht, Minister of Economy and Finance Ali Tayyebnia, Governor of the Central Bank of Iran (CBI) Valiollah Seif and several high-ranking officials.

EghtesadOnline: Iran stands in the first place in terms of Islamic banking assets, said Central Bank of Iran Governor Valiollah Seif.