Car insurance according to Islamic principles has become even more accessible according to an article in the Independent.
Salaam Insurance is the latest company to provide halal insurance and is available through the price comparison site moneysupermarket.com. The Islamic insurance market has yet to peak. According to Emile Abu-Shakra of Lloyds Banking “UK Islamic finance is in its [...]
Archive for the ‘islamic finance’ Category
As we enter 2009, the economic crisis will reach its peak. It will be a year that will see many changes in the international regulatory framework as many anticipate the kind of changes that have long been discussed and needed. The Davos economic summit has highlighted some of the new thinking required to tackled the epochal [...]
Malta is seeking to develop an Islamic financial structure that will be open to Muslims in Europe. In particular the Island is looking to service the 1 million Muslims in Italy who do not have direct access to Islamic finance. Leading business figures in Malta view the Island’s strategic location and financial regime as a [...]
For many of us who are familiar with Islamic finance it comes as no surprise to learn that interest in Islamic finance has soared since the credit crunch and the turmoil in global financial markets. The Times newspaper produced a supplement yesterday on Islamic finance in which it shed light on the paradigmatic influence of [...]
With all the controversy surrounding hedge funds and short selling, could Islamic finance provide a more responsible approach to the philosophy and management of hedge funds? One feature that would distinguish a hedge fund built upon Islamic principles is that short selling would not be allowed because it amounts to selling an asset that isn’t owned.
With the announcement of [...]
Strategy + Business, a magazine published by the global consulting firm Booz & Company has published an article on the growth of Islamic finance. Over the last few years we have seen a great deal of innovation to develop Islamic financial products, particularly in the area of commercial finance. Investors now have greater choice with [...]
The Islamic finance industry is worth $800 billion globally and is growing by 10 to 15 per cent every year according to the Financial Times. The industry began just over 30 years ago and has grown rapidly to the extent that Prime Minister Gordon Brown wants to make London the capital of Islamic finance. Those [...]
