A report highlighting a decade of Islamic Finance in Ireland.  Ireland – Islamic Finance (2.2 MB) Most computers will open PDF documents automatically, but you may need Adobe Reader »

ISLAMIC FINANCE IN EUROPE European Central Bank OCCASIONAL PAPER SERIES NO 146 / JUNE 2013 By Filippo di Mauro, Pierluigi Caristi, Stéphane Couderc, Angela Di Maria, Lauren Ho, Baljeet Kaur Grewal, Sergio Masciantonio, Steven Ongena and Sajjad Zaher   ECB – Islamic Finance in Europe (2.8MB) Most computers will open PDF documents automatically, but you may need Adobe Reader »

In the US, the Islamic finance sector has traditionally been involved in financing transactions at the consumer level. The first, and most notable, systematic attempt to bring Islamic finance to the US retail consumer market was made in the mid-1990s when the Office of the Comptroller of the Currency (OCC) formally recognised the ijarah and the murabahah models as being valid for transactions invo... »

Luxembourg is one of the major financial markets in Europe, its popularity is based on competitive pricing, incentives and access to European clients. Since 2002, when Luxembourg became the first European country to list a sukuk, there has been a total of 16 sukuk listed on the exchange. In 2014 Luxembourg issued its first Sovereign Sukuk, a Euro denominated Sukuk for €200m, and in 2013 it was ann... »

Ireland has developed a strong foundation for the Islamic finance industry, including a comprehensive tax treaty network with Muslim nations and a provision in its tax code specifically for Islamic financial instruments, such as those involving ijarah (leasing), murabahah (sale on the basis of cost plus mark-up) and Islamic insurance (takaful). Ireland is home to more than 50 world-class fund serv... »

Italy is one of the most rapidly developing markets in Europe. A number of initiatives have been taken by Italian authorities to study the issues related to an expanded presence of Islamic finance. The Banca d’Italia, for example, has hosted a number of conferences on the subject. ABI, the Italian Banking Association, is currently coordinating a working group related to the issuance of a corporate... »

The year 2014 marks the tenth year of Islamic finance in Ireland. The progress that the Irish economy has achieved in the last few years is remarkable, especially compared to what many comparable nations have struggled as the world went through a global economic downturn. Irish gains in Islamic finance are no exception. With funds that comply with Shariah and international sukuk listings released ... »

The development of Islamic finance in France is attributed to strong support by the French authorities, who have built an appropriate and friendly environment for such fi nance in this country. In December 2007, Paris EUROPLACE, the organisation that promotes the city’s role as a financial centre, established the Islamic Finance Commission. Since then, the French financial markets regulator, the A... »

The issuance by Saxony-Anhalt attracted strong demand and was fully subscribed, with 60% of the issue going to investors in Bahrain and the UAE and the remaining 40% to investors in Europe, particularly those in France and Germany. The €100 million Ijarah sukuk (Islamic sale-and-leaseback debt instrument) was fully redeemed in 2009. In 2009, Germany’s Federal Financial Supervisory Authority (BaFin... »