Birmingham will today play host to a conference looking at how the West Midlands can tap into the potential offered by the emerging multi-billion-pound Islamic finance market. The half-day event, entitled Islamic Business: The Way Forward, brings together a range of speakers from the sector and will look at the potential for positioning Birmingham as…
The first Islamic Finance created in France, Shariah Liquidités, has closed following a lack of satisfactory returns. Beginning a year ago in la Reunion as a subgroup of the Société générale, all 200 subscribers have been reimbursed.
Islamic finance is coming to Spain, where an estimated two million possible clients await in its potential market. The Halal Institute, the center of Islamic quality certification in Cordoba operating under the Spanish Islamic Commission, plans to sign an agreement for the creation of an Islamic current account with the Sa Nostra building society. Since…
As the financial crisis in the United States worsens, the conservative principals of a small group of devout Muslims have helped to insulate them from economic suffering. Their renunciation of the interest-based economy kept them away from traditional mortgages and away from making investments in financial service companies, whose stocks have plummeted. Islamic finance, a…
The School of Management in Strasbourg will, for the first time in France, offer a university diploma in “Islamic Finance (a “bac +5”). The United Kingdom is the only other country to hold a similar program in Europe. Michel Kalika, the school’s director, explains that the diploma is “the reasonable result of a market analysis…
