Just don’t take that long to get there! 2  BIS Review 104/2008  The fresh wind of Islamic banking is also keeping us all on our toes. We have moved fast from idea to action. We have consulted far and wide. We have issued guidelines. We have joined the international standard-setting body for Islamic Banking. We have invited applications. We have processed them.
And, tonight, I am pleased to announce that a few days ago we issued our first two “in principle” approvals for full-fledged Islamic banking licences. As they say, watch this space for a further announcement!