Widening the net

Consultancy firm Yasaar advises financial institutions on the development of sharia-compliant structured products. The company has recently opened an office in Dubai and is working with structurers to introduce sharia-compliant investments to the mass retail market

Malaysia is going head to head with Dubai in the Islamic finance market. But other financial centres, namely Bahrain, Singapore and London, are also joining the race to become the next hub for Islamic finance.

Yusuf DeLorenzo, Washington, DC-based director of Yasaar, a sharia compliance financial advisory company incorporated in the UK, believes that all financial centres will benefit from some form of sharia presence. It is only a matter of time before banks, asset managers and financial service

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