As part of Societe Generale's series of Meet the Experts presentations, Philippe Dufay and Mohamed Virani discuss Islamic finance.
A fundamental tenet of Islamic finance is that money cannot produce money, it is merely considered as a medium of exchange and, hence, interest is prohibited. On the other hand, investing in the real tangible economy is considered an essential element of structuring Islamic financial transactions. Within the evolution of the industry, the most noteworthy phenomenon recently has been the emergence of Islamic institutional investors who, by their charter, are required to invest in a sharia-compliant manner. Our Islamic products address the requirements within sharia for risk management, and our early recognition of this market has placed us among the leading global providers of Islamic products.
Register to watch the presentation Islamic capabilities at the crossroads of Islamic finance and structured solutions, available for on-demand viewing
More on Risk Management
Around three-quarters of respondents expect clearing providers to stay the course
Most cash payments to the CCP routed via just two banks, sources claim
Life has become more difficult for arbitrageurs - and other market participants should care
Banks hope auto-hedging algorithms will cut costs, boost volumes
Sign up for Risk.net email alerts
Derivatives based on new indexes will increase hedging tools
Investors increasing their exposure to high yield bond funds is an area of concern, according to Bénédicte Nolens, head of risk and strategy at the Securities and Futures Commission
Speaking at the Asia Risk Congress, CIMB head of rates, funding and structuring Chu Kok Wei sets out his concerns over the move to central clearing in the region
Interviewed at the Sibos conference in Osaka, David Puth talks about growth plans for Asia and the risk management implications of central clearing
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.