Next step in Islamic finance: build a regulatory framework

Islamic finance has grown dramatically in recent years as more countries, banks and investors see its potential. But the growth of the asset class will remain limited until industry standardization on Shariah compliance is reached. When is this likely to happen?

Islamic Finance Awards

Best international Islamic bank Best Islamic bank in the Middle East

Best Islamic bank in Asia Best sukuk house

Best takaful provider Best project finance house

Best leasing house Best commodities house

Best real estate house Best assurance and advisory firm

Best legal advisory firm Best fund manager

Most improved house Best structured products house

Deal of the year Best project finance deal

Best sukuk deal Most innovative deal

Best index provider

A CRUCIAL STAGE has been reached in the development of Islamic finance. In the past 12 months, the industry has broken through geographical and sector frontiers. Genuinely innovative products have been introduced, and new institutions have been born. According to consultants McKinsey, Islamic banking assets and assets under management outside Iran are on the way to reach $1 trillion by 2010.

But as Islamic finance expands, problems that were once little more than nuisances are threatening...

The rest of this article is available to subscribers only

Please Subscribe below.
Already a subscriber? Log in here.

Euromoney’s 2012 FX survey results

The truth about Asian investment banking

Next step in Islamic finance: build a regulatory framework

Islamic finance has grown dramatically in recent years as more countries, banks and investors see its potential. But the growth of the asset class will remain limited until industry standardization on Shariah compliance is reached. When is this likely to happen?

The rest of this article is available to subscribers only

FX survey 2012: Overall results

Euromoney’s 2012 FX survey results

Inside JPMorgan's $2 billion loss-making CIO division

The money network: Why crowdfunding threatens traditional bank lending

Reality bites: The truth about investment banking in Asia

Macaskill on markets: Biting off Moore than can be chewed

The money network: Why crowdfunding threatens traditional bank lending

How Greece can leave the euro without leaving the euro

European bank bond issuance off the table until September

ECB: Don’t hold your breath for LTRO 3

Banks’ contingency plans in the spotlight as eurozone crisis deepens

How Greece can leave the euro without leaving the euro

China's economic slowdown - something else for Germany to worry about

Next step in Islamic finance: build a regulatory framework

Islamic finance has grown dramatically in recent years as more countries, banks and investors see its potential. But the growth of the asset class will remain limited until industry standardization on Shariah compliance is reached. When is this likely to happen?

The rest of this article is available to subscribers only

Subscribe online today