Islamic finance in Europe (147)

Continuation

3.5 FULLY FLEDGED IMPLEMENTATION OR INSTRUMENT DIFFUSION

At an early stage, fully fledged Islamic finance entities were formed to provide customers with Islamic financial:

-      products;

-      and services.

However, in order to reach a wider customer base, jurisdictions allowed the establishment of “Islamic windows” within conventional financial institutions.

The advantages and disadvantages of establishing a “window” can be gleaned from the upcoming materials which identifies the possible SWOT:

-      strengths;

-      weaknesses;

-      opportunities;

-      and threats

of a fully fledged Islamic financial institution.

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)