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Islamic finance: the state of play

October 22, 2012

Four experts in Islamic finance discuss the issues affecting the industry at present, and look at what the key opportunities within it are likely to be in the coming years.

Islamic finance interbank rate

December 15, 2011

The launch of the world's first Islamic interbank rate is a key step in the industry's efforts to distinguish itself from conventional finance and achieve greater standardisation. The measure of its success will only come with time, however, and is dependent on its ability to offer competitive pricing, its inclusion of more currencies and its application to a range of financial instruments.

Will Islamic finance's asset management potential finally be fulfilled

December 1, 2011

In 2010 it seemed that the Islamic asset management industry was taking off when it recorded a 7.6% increase in its assets. But with most sharia-compliant vehicles not satisfying global industry standards, and a large number of relatively small, equity-heavy funds in the sector, growth is needed in many other directions before the industry can fulfil its potential.

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Islamic finance roars again

November 1, 2011

After recording relatively sluggish growth in last year's survey, this year's ranking shows the Islamic finance industry posting impressive figures, passing the $1000bn mark in assets for the first time.

Top 500 Islamic Financial Institutions: Methodology

November 1, 2011

A look at how The Banker and Maris Strategies put together the Top 500 Islamic Financial Institutions survey.

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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