Saving and investing in line with religious principles is important for many Muslims and an increasing range of financial products is now available to meet Sharia rules. There are 1.8 million Muslims in Britain and surveys show that about three-quarters are interested in the idea of running their savings and investments in keeping with principles…
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…
The German economy is considered the strongest in the Eurozone [15-country bloc that uses the Euro currency] and the level of German exports surpassed China for the fifth year running in 2007, achieving a record export of €969 billion. Its imports amounted to €770 billion, giving Germany a trade surplus of €198 billion. According to…
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The religion-based system’s attitude to risk stands it in good stead compared to Western banks. Islamic finance is set to be a big winner in the current financial crisis, BDO Stoy Hayward said today. The financial advisor claimed that the religion-based system retains large amounts of money available to borrowers. This is in contrast to…
