Islamic finance in Europe (66)

Continuation

Ireland’s popularity as a domicile for Islamic funds is based on the wealth of expertise.

The  expertise is across all service channels available.

It includes:

-      talented human capital

-      and established financial regulation.

In 2012, there were 47 Islamic funds domiciled in Ireland.

Their total assets worth USD 1.9 billion.

Prospects for the Islamic funds industry are expected to continue to improve.

That improvement is supported by sustainable economic growth, particularly with regard to:

-      oil-producing

-      and commodity-producing

economies.

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)