Latest articles from Islamic Finance

Qatar Central Bank

The new value proposition for Islamic finance

November 1, 2011

Amid calls for greater reporting transparency and more engagement with the lower end of the economic pyramid, Islamic finance is experiencing a revival. But for sharia-compliant institutions to take advantage of the trends emerging in the marketplace, several key events need to take place.

Best prospects for Islamic finance outside core markets

November 1, 2011

Several emerging markets with large Muslim populations combine low bank penetration and a high return on assets with a relatively small market share for Islamic banking, and thus provide further opportunities for growth in the Islamic finance sector.

Dr Mohammed Daud Bakar

Islamic finance's full potential still to be unlocked

November 1, 2011

Despite an impressive 12 months for Islamic finance, the view from the industry is that results could be even greater if hurdles concerning taxation, regulation, legal frameworks, market challenges and a lack of qualified scholars are tackled.

Sukuk appeal set to spread

November 1, 2011

The most significant industry trend to date this year has been the resurgence of the Islamic bond (sukuk) market. After a brief setback in 2010, funds raised through global sukuk issues in 2011 stood at $44.7bn in September. But sukuk issuance is still dominated by sovereigns from Asian and Gulf markets and remains concentrated in certain sectors. Four industry experts look at what needs to be done to encourage participation from corporates and facilitate issuances in a wider range of currencies.

Khairul Nizam, deputy secretary general of the Accounting and Auditing Organisation for Islamic Financial Institutions

AAOIFI to look to develop Islamic finance standards

November 1, 2011

With no single interpretation of Islamic law, differences in rulings between scholars over whether products are sharia-compliant has led to a lack of standardisation in the industry. Resolving this issue is key to bringing about greater efficiency, transparency and cohesion – ultimately helping to raise the curtain for more Islamic business, says AAOIFI deputy secretary general Khairul Nizam.

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Islamic finance's growth story is only just beginning

November 1, 2011

The Islamic finance industry has undergone rapid growth in recent years, but in representing just 1.5% of global banking assets, it remains a hugely underpenetrated market across many asset classes and geographies. This has led the heavyweight global Islamic players to redefine their strategies to capitalise on these opportunities.

A solution to the debt problem? A licence to print money

October 3, 2011

As developed economies throughout the world continue to struggle with spiraling debt problems, it is time the rethink the model of money creation.

Gulf Islamic finance industry

Gulf players continue to shape Islamic finance's future

August 1, 2011

The Gulf's Islamic finance industry is on an upward growth trajectory as the sukuk market rebounds and new lines of business emerge. But there are growing calls for greater regulatory oversight to ensure the industry remains true to its values and improves transparency going forward.

Dubai Islamic Bank ready for Basel III

Islamic banks hold Basel III advantage

June 30, 2011

As banks prepare for the impact of Basel III regulations, many Islamic financial institutions are finding they already exceed the requirements.

Two-thirds of BLME's assets are from corporate business

Islamic banks eye corporate SME space

June 1, 2011

While Islamic financial institutions have been active in offering retail products and investment banking services, regular corporate banking has tended to fall through the gaps. Now banks are correcting the balance.

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