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Capital Markets

Innovations in Islamic Finance 2015: Innovation or integrity – the great dilemma

The growth and globalization of Islamic finance over the past decade has been a rare success story for the financial industry. Here, Euromoney examines the challenges the sector faces to rise to the next level. Throughout the section, we highlight the banks, advisers, issuers and companies that are moving the industry forward, in Euromoney’s inaugural Innovation in Islamic finance awards.

Award-winning deals

 

 

islamic

IIFIm/Gavi

Saudi Telecom 

Malaysia Airports Holdings 

Morocco Safi 

Jadwa Investment

Lulu Hypermarket 

Indonesia 

Al Hilal Bank 

Amlak 

Nasdaq Dubai Murabaha platform 

 

Battersea Phase 3 

UK

 

 

 

 





Balancing innovation and integrity

International banks used to dominate Islamic finance. But their desire to innovate risked the market straying from its principles. Local and specialist firms have benefited from their withdrawal. But can they take Shariah-compliant finance to the next level without repeating the mistakes of the past?

which way

The sukuk market goes global

As liquidity improves and conventional buyers become more familiar with it, the premium for issuing in an Islamic format is shrinking. Emerging market issuers may still hold the most promise for the future.

New finance for a growing continent

With expanding economies and hundreds of million Muslims, Africa deserves to be a bigger part of Islamic finance. After a slow start, there are signs the sector is beginning to gain the crucial mass and legislative backing it needs.

 

 



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