Words of Wisdom - the Editor

Peace.
Got busy with a new project. So couldn’t add more news. Although I came across a fine article by a brother on the history and future of Islamic Banking. I was surprised to know that Islamic banking had beginnings in 1975. Wow. That’s almost as early as my birth. And I guess if there are enough like minded people any idea is bound to grow. I too used to wonder if I can invest without plunging into interest based transactions.

UK I noticed is taking some fine initiatives to promote Shariah Finance. Also came across a western brother or atleast who calls Muslims his brothers and sisters but laughs cynically at the DOW Islamic index as 'bending backwards' to accommodate those guys who have four wives and cut of peoples hands. O well some people just don't get it, do they?

Tuesday, November 4, 2008

UK looks to become global provider of Islamic finance

Financial service providers looking to diversify in these unique times can learn about the opportunities in Islamic finance from some of UK's leading specialists.

On Tuesday, 4 November the Association of Corporate Treasurers' (ACT) will hold a Breakfast Briefing, endorsed by UK Trade & Investment, to educate UK companies on the sector that still has scope for growth.

Andrew Cahn, UK Trade & Investment Chief Executive said:

"In these tough times, it's more important than ever that we make the most of growing sectors like Islamic finance.

"Islamic finance is currently estimated at $500 billion and is still estimated to grow 15 per cent per annum over the next few years.

"That's why it is important the UK's financial industry provides an open door and positions London as a leading western financial centre for Islamic finance."
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