Islamic Finance

Contemporary Islamic Finance is seen by many as operating in the 'push' mode, with incumbent players pushing their version of products in the market, rather than working in a 'pull' mode, where society's requirements would drive industry evolution. The Islamic finance industry has been criticized because the profit aspect of running operations overshadows the altruistic aspect of Islamic Finance (IF) and easily marketable solutions are more common than socially relevant products to benefit the wider communities.