Islamic finance in Europe (85)

Continuation

This initiative, dedicated to promoting:

-      small

-      and medium-sized

enterprises in the MENA (Middle East and North Africa) region through:

-      equity

-      or semi-equity

instruments.

It may involve:

-      the Union of Arab Banks

-      several Arab governments

-      and Islamic multilateral development banks.

Hence, the proposal is introducing a Shari’ah-compliant component to this fund.

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)