PricewaterhouseCoopers Bermuda partner Colm Homan is confident that Shariah finance business between Bahrain and Bermuda can be up and running within 12 months.
His firm recently carried out a study into the potential for Islamic finance in Bermuda and concluded that the market for Shariah-compliant products was very good.
This begs the question: Why introduce Shariah Finance into Bermuda, a nation which almost surely has few Muslims?
The answer of course is Dawah. Shariah Finance is in fact a form of missionary work designed to spread Islam and Shariah itself…