Demand for talent is set to grow in tandem with a rapidly expanding industry. Efforts to expand and enrich knowledge and practical skills have been encouraging. Overall, demand for talent within the industry is expected to continue rising, while training providers continue to rise to meet the challenges of supporting the unique needs of the industry. »
Whilst Islamic financial services continue to display strong growth and nears $2trillion in assets, the growth is in part failing to create sufficient economic activity to lift the poor out of poverty. Futile financial engineering to create socially useless Sukuk such as the Goldman Sachs issuance does little to help the 322 million people living on less than $1.24 per day. »
The growth of the industry offers important potential benefits, the IMF stated in its IMF Research June 15 bulletin. The IMF stated the sector could facilitate financial inclusion by increasing access to banking services to underserved Muslim populations. Furthermore the risk-sharing characteristics of Islamic financial products can facilitate access to finance by small- and medium-sized enterpris... »
Report produced by Milliman Research highlighting key issues and challenges, as well finding sustainable solutions to some of the challenges. »
An encouraging development in key jurisdictions is the presence of most major Islamic financial institutions on key social media platforms. Broadly, the presence of Islamic financial institutions on social media serves to highlight promotional offers and new products; as well as to address customer queries or complaints in a timely manner. »
Key points of EY Report 2014-2015, Focus on market penetration of Islamic Banks. »
In view of the growing sophistication of Islamic capital markets in Malaysia, the Securities Commission has revised the Shariah screening methodology. »
Africa remains a region with relatively untapped potential. The continent is home to more than 1 billion people, and an important source of several key commodities. »
An overview of investment filters as used by Central Shariah Committee of HSBC Amanah. »
The reports provides a summary of the main events in the market in 2014 covering Islamic Banking, Islamic Asset Management, Sukuk and Takaful. »
