Jahangir Aka, Senior Executive Officer at SEI, speaks during the Reuters Islamic Finance Summit in Dubai, February 18, 2010. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES - Tags: BUSINESS)

Jahangir Aka, Senior Executive Officer at SEI, speaks during the Reuters Islamic Finance Summit in Dubai, February 18, 2010. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES - Tags: BUSINESS)

Chief Executive Officer of Etiqa Takaful, Shahril Azuar Jimin, speaks to Reuters during an interview at his office in Kuala Lumpur February 18, 2010. Etiqa sees contributions, or the Islamic equivalent of premiums, rising a fifth this year, versus the industry's 12 percent, but slower than last year's 40 percent, its chief Shahril said on Thursday. To match Interview ISLAMICBANKING-SUMMIT/TAKAFUL. REUTERS/Bazuki Muhammad (MALAYSIA - Tags: HEADSHOT RELIGION BUSINESS)

Samad Sirohey, Chief Executive Officer, Citi Islamic Investment Bank, Head of Global Islamic Banking, speaks during the Reuters Islamic Finance Summit in Dubai, February 18, 2010. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES - Tags: BUSINESS)

Samad Sirohey, Chief Executive Officer, Citi Islamic Investment Bank, Head of Global Islamic Banking, speaks during the Reuters Islamic Finance Summit in Dubai February 18, 2010. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES - Tags: BUSINESS)

Giambattista Atzeni, Corporate Trust, Vice President MENA Business Manager, BNY Mellon, speaks during the Reuters Islamic Finance Summit in Dubai February 18, 2010. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES - Tags: BUSINESS)

Giambattista Atzeni, Corporate Trust, Vice President MENA Business Manager, BNY Mellon, speaks during the Reuters Islamic Finance Summit in Dubai February 18, 2010. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES - Tags: BUSINESS)

Peter Hodgins (R) and Ashley Painter, Partners at Clyde and Co Legal Consultants, speak during the Reuters Islamic Finance Summit in Dubai February 18, 2010. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES - Tags: BUSINESS)

Peter Hodgins, Partner at Clyde and Co Legal Consultants, speaks during the Reuters Islamic Finance Summit in Dubai February 18, 2010. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES - Tags: BUSINESS)

Ashley Painter, Partner at Clyde and Co Legal Consultants, speaks during the Reuters Islamic Finance Summit in Dubai February 18, 2010. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES - Tags: BUSINESS)

Ashley Painter, Partner at Clyde and Co Legal Consultants, speaks during the Reuters Islamic Finance Summit in Dubai February 18, 2010. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES - Tags: BUSINESS)

Nick Frei, the chief executive of Islamic insurer T'Azur, speaks during his interview at the Reuters Islamic Banking and Finance Summit in Manama February 17, 2010. REUTERS/Hamad I Mohammed (BAHRAIN - Tags: BUSINESS HEADSHOT)

Chairman and Chief Executive Officer of Algebra Capital Ziad Makkawi speaks during the Reuters Islamic Banking Summit in the Reuters offices in Dubai February 17, 2010. REUTERS/Jumana ElHeloueh (UNITED ARAB EMIRATES - Tags: BUSINESS)

Chairman and Chief Executive Officer of Algebra Capital Ziad Makkawi speaks during the Reuters Islamic Banking Summit in the Reuters offices in Dubai February 17, 2010. REUTERS/Jumana ElHeloueh (UNITED ARAB EMIRATES - Tags: BUSINESS)

Chairman and Chief Executive Officer of Algebra Capital Ziad Makkawi speaks during the Reuters Islamic Banking Summit in the Reuters offices in Dubai February 17, 2010. REUTERS/Jumana ElHeloueh (UNITED ARAB EMIRATES - Tags: BUSINESS)

Harris Irfan, Head of Islamic Products at Barclays Capital, speaks during the Reuters Islamic Banking Summit in the Reuters offices in Dubai February 17, 2010. REUTERS/Jumana ElHeloueh (UNITED ARAB EMIRATES - Tags: BUSINESS)

Harris Irfan, Head of Islamic Products at Barclays Capital, speaks during the Reuters Islamic Banking Summit in the Reuters offices in Dubai February 17, 2010. REUTERS/Jumana ElHeloueh (UNITED ARAB EMIRATES - Tags: BUSINESS)

Yavar Moini, senior advisor at Morgan Stanley, speaks during the Reuters Islamic Banking Summit in a Reuters office in Dubai February 17, 2010. The Gulf Arab region needs stronger capital markets in order for the sukuk bond industry to make progress, and current demand comes mainly from Southeast Asia, said Moini. REUTERS/Jumana ElHeloueh (UNITED ARAB EMIRATES - Tags: BUSINESS)

Afaq Khan, Chief Executive Officer, Islamic Banking, Standard Chartered Bank, speaks during the Reuters Islamic Finance Summit in Dubai February 16, 2010. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES - Tags: BUSINESS)

Afaq Khan, Chief Executive Officer, Islamic Banking, Standard Chartered Bank, speaks during the Reuters Islamic Finance Summit in Dubai February 16, 2010. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES - Tags: BUSINESS)

The Chairman of Penang International Halal Hub Development , Abdul Malik Kassim, listens during the Reuters Islamic Banking and Finance Summit in London, February 16, 2010. REUTERS/Paul Hackett (BRITAIN - Tags: BUSINESS)

The CEO of Halal Industries, Mahash Jayanarayan, speaks during the Reuters Islamic Banking and Finance Summit in London, February 16, 2010. REUTERS/Paul Hackett (BRITAIN - Tags: BUSINESS)

Dr. Hussein A. Hassan, Head of Structuring for Middle East and North Africa and Global head of Islamic Finance at Deutsche Bank, speaks during the Reuters Islamic Finance Summit in Dubai, February 16, 2010. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES - Tags: BUSINESS)

Dr. Hussein A. Hassan, Head of Structuring for Middle East and North Africa and Global head of Islamic Finance at Deutsche Bank, speaks during the Reuters Islamic Finance Summit in Dubai, February 16, 2010. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES - Tags: BUSINESS)

J.P.Morgan's Executive Director and Head of Islamic Structuring, Safdar Alam, speaks during his interview at the Reuters News Summit on Islamic Banking and Finance in Bahraini capital of Manama, Bahrain February 16, 2010. The launch of the first template for an over-the-counter Islamic derivative contract is "imminent", an executive at a bank involved in its creation said on Tuesday. The contract, which is expected to pave the way for quicker and cheaper Islamic risk management and more frequent cross-currency transactions, was initially due to be launched a year ago. REUTERS/Hamad I Mohammed (BAHRAIN - Tags: POLITICS BUSINESS)

J.P.Morgan's Executive Director and Head of Islamic Structuring, Safdar Alam, speaks during his interview at the Reuters News Summit on Islamic Banking and Finance in Bahraini capital of Manama, Bahrain February 16, 2010. The launch of the first template for an over-the-counter Islamic derivative contract is "imminent", an executive at a bank involved in its creation said on Tuesday. The contract, which is expected to pave the way for quicker and cheaper Islamic risk management and more frequent cross-currency transactions, was initially due to be launched a year ago. REUTERS/Hamad I Mohammed (BAHRAIN - Tags: POLITICS BUSINESS)

Gulf Finance House's Acting Chief Executive Officer, Ted Pretty, speaks during his interview at the Reuters News Summit on Islamic Banking and Finance in Bahraini capital of Manama, Bahrain February 16, 2010. The launch of the first template for an over-the-counter Islamic derivative contract is "imminent", an executive at a bank involved in its creation said on Tuesday. The contract, which is expected to pave the way for quicker and cheaper Islamic risk management and more frequent cross-currency transactions, was initially due to be launched a year ago. REUTERS/Hamad I Mohammed (BAHRAIN - Tags: POLITICS BUSINESS)

Allianz Takaful's Chief Executive Officer, Abdul Rahman Tolefat, speaks during his interview at the Reuters News Summit on Islamic Banking and Finance in Bahraini capital of Manama, Bahrain February 16, 2010. The launch of the first template for an over-the-counter Islamic derivative contract is "imminent", an executive at a bank involved in its creation said on Tuesday. The contract, which is expected to pave the way for quicker and cheaper Islamic risk management and more frequent cross-currency transactions, was initially due to be launched a year ago. REUTERS/Hamad I Mohammed (BAHRAIN - Tags: BUSINESS POLITICS)

Accounting & Auditing Organisation for Islamic Financial Institutions' (AAOIFI) Secretary General, Mohamad al-Chaar, speaks during his interview at the Reuters News Summit on Islamic Banking and Finance in Bahraini capital of Manama, February 16, 2010. The launch of the first template for an over-the-counter Islamic derivative contract is "imminent", an executive at a bank involved in its creation said on Tuesday. The contract, which is expected to pave the way for quicker and cheaper Islamic risk management and more frequent cross-currency transactions, was initially due to be launched a year ago. REUTERS/Hamad I Mohammed (BAHRAIN - Tags: BUSINESS POLITICS)

CEO of the Bank of London and the Middle East, Humphrey Percy, listens at the Reuters Islamic Banking and Finance Summit in London, Feb 16, 2010. REUTERS/Paul Hackett (BRITAIN - Tags: BUSINESS)

CEO of the Bank of London and the Middle East, Humphrey Percy, speaks at the Reuters Islamic Banking and Finance Summit in London, February 16, 2010. REUTERS/Paul Hackett (BRITAIN - Tags: BUSINESS)

Chief Executive Officer of the Bank of London and the Middle East, Humphrey Percy, speaks at the Reuters Islamic Banking and Finance Summit in London Feb 16, 2010. REUTERS/Paul Hackett (BRITAIN - Tags: BUSINESS)

Credit Agricole Corporate Investment Banking's Managing Director of Global Islamic Banking, Simon Eedle, speaks during his interview at the Reuters Islamic Banking and Finance Summit in Manama February 16, 2010. The launch of the first template for an over-the-counter Islamic derivative contract is "imminent", Eedle said on Tuesday. REUTERS/Hamad I Mohammed (BAHRAIN - Tags: BUSINESS)

Credit Agricole Corporate Investment Banking's Managing Director of Global Islamic Banking, Simon Eedle, speaks during his interview at the Reuters Islamic Banking and Finance Summit in Manama February 16, 2010. The launch of the first template for an over-the-counter Islamic derivative contract is "imminent", Eedle said on Tuesday. REUTERS/Hamad I Mohammed (BAHRAIN - Tags: BUSINESS)

Muneer Khan, partner of Islamic Finance in Simmons & Simmons, speaks during the Reuters Islamic Banking Summit in the Reuters offices in Dubai February 15, 2010. The fledgling Islamic finance industry is still growing thanks to new markets and an inflow of oil money, but it is struggling to leave behind the legacy of the global financial crisis in the form of a real estate crash in the Gulf Arab region. REUTERS/Jumana ElHeloueh (UNITED ARAB EMIRATES - Tags: BUSINESS)

Muneer Khan, partner of Islamic Finance in Simmons & Simmons, speaks during the Reuters Islamic Banking Summit in the Reuters offices in Dubai February 15, 2010. The fledgling Islamic finance industry is still growing thanks to new markets and an inflow of oil money, but it is struggling to leave behind the legacy of the global financial crisis in the form of a real estate crash in the Gulf Arab region. REUTERS/Jumana ElHeloueh (UNITED ARAB EMIRATES - Tags: BUSINESS)

Mohammed H. Badi (L), Principal and Knut Storholm (R), Partner and Managing Director of The Boston Consulting Group speak during the Reuters Islamic Banking Summit in Dubai April 16, 2009. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES BUSINESS)

Mohammed H. Badi, Principal of The Boston Consulting Group, speaks during the Reuters Islamic Banking Summit in Dubai April 16, 2009. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES BUSINESS)

Knut Storholm, Partner and Managing Director of The Boston Consulting Group, speaks during the Reuters Islamic Banking Summit in Dubai April 16, 2009. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES BUSINESS)

Dr Armen V Papazian, Head of Islamic Finance at UBS Investment Bank, speaks during the Reuters Islamic Banking Summit in Dubai April 15, 2009. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES BUSINESS SOCIETY)

Dr Armen V Papazian, Head of Islamic Finance at UBS Investment Bank, speaks during the Reuters Islamic Banking Summit in Dubai April 15, 2009. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES BUSINESS POLITICS)

Raphael de Ricaud, Head of Islamic Finance at Rothschild, speaks during the Reuters Islamic Banking Summit in Dubai, April 15, 2009. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES BUSINESS)

J.P.Morgan's Executive Director and Head of Islamic Structuring, Safdar Alam, speaks during his interview at the Reuters News Summit on Islamic Banking and Finance in Bahraini capital of Manama, Bahrain April 15, 2009. REUTERS/Hamad I Mohammed (BAHRAIN BUSINESS)

Neil Miller, a partner at Norton Rose, speaks during the Reuters Islamic Banking Summit in Dubai April 15, 2009. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES BUSINESS)

Badlisyah Abdul Ghani, chief executive of CIMB Islamic Bank Berhad, speaks during an interview in Kuala Lumpur April 15, 2009. REUTERS/Zainal Abd Halim (MALAYSIA BUSINESS)

Azrulnizam Abd Aziz, chief executive of Standard Chartered Saadiq Berhad, gestures as he speaks during an interview in Kuala Lumpur April 15, 2009. REUTERS/Zainal Abd Halim (MALAYSIA BUSINESS)

Azrulnizam Abd Aziz, chief executive of Standard Chartered Saadiq Berhad, gestures as he speaks during an interview in Kuala Lumpur April 15, 2009. REUTERS/Zainal Abd Halim (MALAYSIA BUSINESS)

Badlisyah Abdul Ghani, Chief Executive of CIMB Islamic Bank Berhad, speaks during an interview in Kuala Lumpur April 15, 2009. REUTERS/Zainal Abd Halim (MALAYSIA BUSINESS HEADSHOT)

Chief Executive of Arcapita, Atif Abdulmalik, speaks during his interview at the Reuters Islamic Banking Summit in Manama April 15, 2009. REUTERS/Hamad I Mohammed (BAHRAIN BUSINESS POLITICS)

Chief Executive Officer of Arcapita, Atif Abdulmalik, speaks during his interview at the Reuters Islamic Banking Summit in Manama April 15, 2009. REUTERS/Hamad I Mohammed (BAHRAIN BUSINESS POLITICS)

Alan Durrant, Head of Asset Management at Gulf Finance House, speaks during his interview at the Reuters Islamic Banking and Finance Summit, in Manama April 15, 2009.REUTERS/Hamad I Mohammed (BAHRAIN BUSINESS POLITICS)

Alan Durrant, Head of Asset Management at Gulf Finance House, speaks during his interview at the Reuters Islamic Banking and Finance Summit, in Manama April 15, 2009.REUTERS/Hamad I Mohammed (BAHRAIN BUSINESS POLITICS)

Giambattista Atzeni, Global Corporate Trust, Strategic Business Development Manager of The Bank Of New York Mellon Mena, speaks during the Reuters Islamic Banking Summit in Dubai April 15, 2009. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES BUSINESS)

Giambattista Atzeni, Global Corporate Trust, Strategic Business Development Manager of The Bank Of New York Mellon Mena, speaks during the Reuters Islamic Banking Summit in Dubai April 15, 2009. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES BUSINESS)

Afaq Khan, chief executive officer of Standard Chartered Bank Saadiq, speaks during the Reuters Islamic Banking Summit in Dubai April 15, 2009. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES BUSINESS)

Afaq Khan, chief executive officer of Standard Chartered Bank Saadiq, speaks during the Reuters Islamic Banking Summit in Dubai April 15, 2009. REUTERS/Nikhil Monteiro (UNITED ARAB EMIRATES BUSINESS)

Chief Executive Officer of Unicorn Investment Bank, Majid al-Sayed Bader, speaks during his interview at the Reuters News Summit on Islamic Banking and Finance in the Bahraini capital of Manama April 14, 2009. REUTERS/Hamad I Mohammed (BAHRAIN BUSINESS POLITICS HEADSHOT)

Chief Executive Officer of Unicorn Investment Bank, Majid al-Sayed Bader, speaks during his interview at the Reuters News Summit on Islamic Banking and Finance in Bahraini capital of Manama, Bahrain April 14, 2009. REUTERS/Hamad I Mohammed (BAHRAIN BUSINESS POLITICS)

Chief Executive Officer of Unicorn Investment Bank, Majid al-Sayed Bader, speaks during his interview at the Reuters News Summit on Islamic Banking and Finance in the Bahraini capital of Manama April 14, 2009. REUTERS/Hamad I Mohammed (BAHRAIN BUSINESS POLITICS HEADSHOT)

Ashley Painter, a partner at Clyde and Co. Legal Consultants, speaks during the Reuters Islamic Banking Summit in Dubai April 14, 2009. REUTERS/Ahmed Jadallah (UNITED ARAB EMIRATES BUSINESS)