Islamic finance in Europe (102)

Continuation

These firms are bringing Shari’ah-compliant products into the United States.

Islamic finance is quickly being recognised by mainstream financial institutions as offering:

-      a strong

-      niche

consumer market.

The year 1999 saw the launch of the Dow Jones Islamic Market Index.

This index was created for investors seeking equity investments in compliance with the unique principles of the Shari’ah.

Consequently, this index combines Islamic investment principles with the:

-      transparency

-      and rules-based methodology

of the traditional Dow Jones Index.

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)