COMMENT: Prospects of promoting Islamic Finance in Cyprus

The Cyprus Stock Exchange is currently intensifying its efforts for promoting new initiatives and plans in this direction in order to help our country overcome the present difficult and challenging economic situation,thus contributing to the rebuilding of Cyprus’ economy. Very recently, within this general direction, the Cyprus Stock Exchange has started examining, along with other interested authorities and market participants, the possible development of the Islamic Financial Instruments. It is believed that the development and promotion of CSE’s initiatives could bring significant benefits to the Cyprus economy, as well as to the Cyprus Stock Exchange. The CSE is ready to discuss listings of Islamic financial investment with interested parties.