Islamic finance in Europe (48)

Continuation

In recent years, Islamic investors have increasingly subscribed to sukuk issuances.

These investors are with a clear preference for investments that use funds consistent with their religious beliefs.

In fact, the growing preference for Shari’ah-compliant investments among Muslim populations has been a key growth driver:

-      for the global sukuk market

-      and for Islamic finance as a whole.

Also, the growing preference of Shari’ah-compliant investments has been translated into the development of fully fledged institutions, such as:

-      Islamic banks

-      Islamic insurance operators

-      and Islamic fund managers.

From the research paper of European Central Bank

(Authors: F.Mauro, P.Caristi, S.Couderc, A.D.Maria, L.Ho, B.K.Grewal, S.Masciantonio, S. Ongena and S.Zaher)