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
NYU quants use Bayesian techniques to sequence trades, considering trading costs and multiple assets
Greek political upheaval sets up a lose-lose confrontation for the eurozone
Sponsored survey analysis: Wolters Kluwer
Harvey Stein combines risk-neutral and real-world measures into risk methodology
Sign up for Risk.net email alerts
Exchange plans to attract foreign money into India through enhanced technology
Systemically important status seen as business threat by asset managers
Recent Iosco consultation paper aims to better co-ordinate global regulation
Sponsored video: MSCI
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.