Islamic finance in Europe (157)

Continuation

As a separate entity, it would have:

-      greater leeway

-      and significant resources

to expand its operations.

Currently, there are a large number of Islamic windows in the:

-      UK

-      and other European markets

that are run by conventional banks.

At the same time, some large European banks have fully owned Islamic subsidiaries.

Furthermore, there are a growing number of stand-alone IIFSs, both:

-      foreign

-      and domestic

that have their offices in Europe.

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)