Islamic finance in the United States

A report released by the Malaysia Islamic Finance Centre (MIFC) presents an overview and the potential of Islamic finance in the United States.
The report states, “The sole issuer from the US was Goldman Sachs, a major investment bank that had issued a USD500mln Wakalah sukuk in September 2014 – the issuance attracted an order book of USD1.5bln. In addition to sukuk, Europe and the US are home to several Shariah compliant asset management companies”

In conclusion the report states, “Given the value propositions of Islamic finance, the industry will likely expand in the US. A few niche areas are expected to benefit, namely asset management, corporate financing and household financing. On the flipside, US companies are also important providers of Islamic financial services and invest significantly in Shariah compliant instruments such as sukuk”

Report Coverage

• Geographical Dispersion of Islamic Finance
• Potential role of Islamic finance in the US
• Asset management
• Global Sovereign Wealth Funds Total Size (2007-2012)
• Global Sovereign Wealth Funds Total Size (March 2013)
• Selected Sukuk Issuances by United States-based Companies
• Corporate financing
• Key Financial Services Sub-Sectors for Islamic Finance in the US
• Islamic banking

Download Full Report: MIFC Insight Report: US Potential Market for Islamic Finance (2.2MB)