Islamic finance in Europe (67)

Continuation

Countries with:

-      a high savings rate

-      and a surplus

are also likely to drive demand for Shari’ah-compliant investments.

It is estimated that the assets under management of the Islamic funds industry reached USD 63.2 billion by the end of 2012.

2.3 THE ISLAMIC INSURANCE INDUSTRY

Insurance enables:

-      households

-      and corporations

to:

-      live

-      and operate

in a stable environment.

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)