Islamic Finance - Opportunity for Long Term Growth

Here is a recent paper from State Street which gives a brief introduction of Islamic finance but - most importantly - gives an overview of various key areas of development (funds, sukuk, takaful, new products, etc). It is also evidence of increased awareness from the part of conventional financial institutions from across the globe.

Islamic Finance - Opportunity for Long Term Growth

State Street - Vision Series

February 2009

Nice quote: "What makes Islamic finance uniquely different — and uniquely global — is the common bond that its Muslim customers share: their religion, whose moral lessons are shared through the teachings of the Koran, but whose legal principles and codes are governed by Shariah, or Islamic law ... While Shariah’s faith-based principles continue to hold strong appeal for Muslims, the pragmatic benefits arising from its application are becoming increasingly attractive to non-Muslims as well, particularly during the current economic crisis and the intense focus on risk management we are witnessing."

Islamic Finance - Opportunity for Long Term Growth