Continuation
Islamic mortgage
insurance, for example, would fit some Islamic financial instruments,
particularly Islamic retail banking:
-
products
-
and services.
The regulatory
reforms across Europe have helped to accelerate the expansion of Islamic insurance:
-
products
-
and services
in this region.
The mandatory
“European Single Passport” instituted in December 2002 allows insurance
providers registered in an EU Member State to offer their services to the whole
European market.
Thus, it promotes
the penetration of new markets.
This will speed
up the introduction of Islamic insurance across Europe.
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)
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