Islamic Finance Gaining Ground

Posted on Oct 17, 2011 in Emirates-Middle East, Middle East Outlook

Islamic finance is becoming a powerful force around the world.

The Islamic finance industry is growing in strength and stature around the world. The limiting factor is the shortage of professionals with an expertise in the field, according to an article in the Khaleej Times. “The Islamic finance industry has a long way ahead and it needs to address the concepts such as financial planning and estate and succession planning rather than just products and services,” said Fares Mourad, managing director and head of Islamic finance of Switzerland’s Bank Sarasin & Co Ltd in an interview with the Times.