Sunday, April 1, 2018

Islamic finance in Europe (155)


Continuation
Islamic financial products are meant for everyone.
Customers receptive to:
o    ethical investment;
o    and SRI (social responsible investment)
could be in favour of a fully-fledged IIFS (Institutions Offering Islamic Financial Services).
So that, ethical principles are applied across the board in fully-fledged IIFS.
Fully fledged IIFSs require a large number of trained professionals.
They respond to customer enquiries in an efficient manner.
Especially when it comes to some of the more intricate Shari’ah-compliant products.
This may pose a challenge, as the industry is believed to have a scarce supply of qualified talent.

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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