(the blog the link will take you to is a PRO SHARIAH blog, so read this with the knowledge that Shariah Compliant Finance is supported by this blog. It is important to read what the supporters say, so we can counter and try to stop this “stealth jihad”
comments-Allyson Rowen Taylor
Seera Investment Bank has a white paper (pdf) on Shari’ah-compliant private equity.
News continues to emerge that the Islamic finance industry may not fully escape the global recession caused by the credit crisis because of its dependence on real estate to back sukuk. This creates problems in diversifying against a fall in prices in that sector. There should be several mergers along the lines of Amlak and Tamweel.
Germany lags behind the U.K. in facilitating Islamic finance. The U.S. has flip-flopped in the Treasury Department’s public engagement educating its staff about Islamic finance. Meanwhile, the Islamic finance industry has grown across the country. Although it has led the way in placing Islamic finance on a level playing field with conventional finance, it recently cancelled plans to issue a sovereign sukuk, although it still is working with its Islamic Finance Working Group. Hong Kong is still wants to encourage Islamic finance and Singapore continues to plan for a sukuk issuance.