Continuation
SWOT analysis
of fully fledged implementation
THREATS
- A
fully fledged Islamic bank may require more seed capital than a window
operation;
- May
be perceived as "made for Muslims only";
- Different
accounting standards may have to be:
o
adopted
o
and followed;
- Dearth
of experienced talent equipped with Islamic finance know-how.
Source: KFH Research
European banks are
currently being encouraged to provide Islamic investment solutions, not only
for their overseas Arab/Muslim clients, but also for domestic populations
showing increased demand for Shari’ah-compliant products.
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)
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