FT Supplement: Future of Islamic Finance

Tuesday’s Financial Times includes a seven page special report on Islamic finance involving various parts o f the globe, not  just the Middle East.

The Future of Islamic Finance

Financial Times

Tuesday, Dec. 14, 2010


Table of Contents

Growth Survives the Storms: safe investments and sizeable potential markets continue to buoy the sector.

North Africa: A Region Abounding with Potential. Egypt leads among nations seen as ripe for expansion.

Malaysia Seeks End to Slide in Issuance: tax breaks and other initiatives are aimed at bolstering the sector’s leading market.

UAE: Shadow  of $26bn Upset Strats to Fade: borrowers are back after Dubai World’s successful restructuring.

Investment Banks: Nascent Sector looks for New Model: crisis-savaged organizatiosn need to diversify.

Europe: London and Paris Battle for Business: The City looks unlikely to be ousted from its position of strength.

US: Presence and Role of Market Remain marginal. Activity has been subdued since the Nakheel crisis.





Islamic Finance Report from the Financial Times

The Financial Times has posted its May 5th special report on Islamic finance. The article on Sharia boards lists the leading scholars on the Sharia boards from Bahrain, Pakistan, Saudi Arabia, and UAE. Registration may be required.

Articles available in the report:
Credit crunch may test industry beliefs
The industry has held up well so far in the crisis but is unlikely to remain insulated, reports Robin Wigglesworth

Regulation: Further development needs a common rule-book
More standardised products would let the industry go global, writes Simeon Kerr

Islamic Banks: Real estate exposure may be largest threat
And in theory depositors must share any losses, notes Robin Wigglesworth

Sukuk market: Credit freeze victim shows signs of a thaw
An increase in conventional bond deals could help restart transactions, reports David Oakley

Innovation: Downturn temporarily blunts inventiveness
Scholars are taking stock of products, reports Robin Wigglesworth

Asia: Malaysia aims to be hub for its region
However, it is facing increasing local competition, writes Andrew Wood

Sharia boards: Scholars hold sway over the success of products
A small coterie wields power, explains Robin Wigglesworth

Western markets: France and the US vie for the UK’s crown
Shyamantha Asokan says London’s lead in the race to win clients is shrinking

Guest column: New world or false dawn?
Islamic finance faces challenges centred around the increased needs for standardisation and innovation in the industry, writes Mukhtar Hussain