Shariah compliant products are maturing and have come a long way from what was being offered seven to eight years ago, says Safdar Alam, executive director, head of Islamic structuring at JP Morgan. Islamic finance, says Alam, is looking much more at what clients want (and understand) as products.
“We are seeing a growth now in treasury products for hedging or investing into different asset classes. This is an interesting market development. We’re generally seeing a wider acceptance overall and
- Brexit novations ‘on hold’ to gain reg relief
- Banks hope final FRTB rules will ease NMRF burden
- Functional programming reaches for stardom in finance
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Mifid data publishers drag feet on Esma guidelines