Continuation
The German market
has also witnessed the offering of a new Shari’ah-compliant investment product.
It is benchmarked
to the WestLB Islamic Deutschland Index.
This is comprised
of shares in ten German firms.
Their business
activities are conducted in line with the Shari’ah.
German financial
institutions also actively participate in the Islamic finance industry via
their subsidiaries in:
-
London
-
Dubai
-
and Kuala Lumpur.
These
institutions could play a key role in attracting Shari’ah-compliant funds to
Germany through their:
-
established networks
-
and expertise.
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)
No comments:
Post a Comment