Islamic inroads

Politicians and financiers in Asia are jockeying for position to tap into the burgeoning Islamic finance business, as consensus gradually emerges on the structure of many Islamic risk management instruments. But major challenges remain. By Georgina Lee


The effects of the global financial turmoil have reverberated worldwide, even touching the once-thought-immune Islamic financial sector. Growth in global Islamic banking assets, for example, is set to slow this year to around 10-15% from about 20-30% in 2008, says a November report by Moody's Investors Service, Gulf Islamic Banks Resilient Amid Global Credit Woes.

The lack of a developed Islamic interbank market and the absence of risk-mitigation techniques for Islamic banks will hinder growth

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here