The Islamic finance industry is worth $1 trillion according to the Asian Development Bank. The industry has been expanding globally, with a sharia-compliant sector developing under the central banking system in Kuwait, increasing demand in Saudi Arabia, and Islamic institutions operating out of western countries.
Providers are now looking at the need for better pricing and sharia-compliant underlying assets where a bottom-up approach is taken in the structuring of products. Previously, products
The week on Risk.net, July 7-13, 2018Receive this by email