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Euromoney highlights six of the strongest key innovations in Islamic finance from the last 12 months.
Despite the industry’s wider concentration challenges, Islamic finance can boast some impressive examples of innovation, particularly in wholesale financing. The wakalah structure has become commonplace, where once it was considered too structurally onerous; new markets have entered the fray in sukuk, such as Oman; and other cross-border transactions continue to be pulled together by enterprising scholars, bankers and lawyers. Euromoney looks at six of the strongest examples from the last 12 months: