Islamic finance in Europe (150)

Continuation

Islamic windows have advantages in terms of sharing resources, such as:

-      office space

-      support services

-      IT systems

-      legal resources

-      personnel and marketing infrastructure

-      and other potential economies of scale.

However, a fully-fl edged IIFS could have more resources devoted to Islamic:

-      products

-      and services

for example, as related to:

-      training

-      research and development

-      and specialised Islamic portfolios.

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)