This article examines the perception and depiction of Islamic finance within the media and the conventional banking system, particularly with respect to the events of September 11, and the concept of Islamic finance as being a recent phenomenon.
This article highlights the rapid growth of Islamic finance in Malaysia, including several recent deals involving the distrubtor Dawama, as well as sukuk transactions. There is still debate over the shari`a compliance of Islamic financial deals, particularly with a lack of standardization between different countries.
This article provides an overview of the significant Islamic financial deals during 2003 and 2004, with a focus on the newly emerging sukuk transaction. Included is a table of over 50 of the largest transacions and institutions for this time period.
The article provides a brief overview of Islamic finance in Canada, with a focus on the Islamic Housing Co-operative, an effort that allows Muslims to enter into mortgages adhering to Islamic principles.
Prior to the recent English High Court decision in the Shamil Bank of Bahrain DC vs. Beximco Pharmaceuticals, there had been little guidance in terms of how Islamic financial contracts should be governed.
UK's All-Party Parliamentary Group on Socially Responsible Investment (SRI) recently held a briefing titled “Islamic Banking and Investment: The Regulatory Constraints in the UK†at the House of Commons. The speaker, Iqbal Khan of HSBC Amanah, stressed the disadvantages that Islamic financial products have forced upon them, due the nature of UK laws. The article talks about the challenges faced by Islamic finance and its history in the UK.