The rapidly growing market of Islamic Finance requires the knowledge of Sharia’ah-compliant structures for finance transactions.
15 September 2009
Mayer Brown White Paper
Islamic finance is a rapidly growing market. Market estimates place the current volume in the region of USD 500 billion and this figure is expected to grow to USD 1 trillion within the next five years. Banks that are looking to become active participants in this market, but which are not specifically set up as “Islamic finance” institutions, have two possible routes: (i) use an “Islamic banking window” (i.e. an in-house department engaged with these financial products, which requires the capability to strictly segregate the assets of the Islamic window from the rest of the banks); or (ii) create a special subsidiary or branch within the banking group dedicated to Islamic finance.