Islamic finance in Europe (169)

Continuation

CONCLUSION

Generally:

-      the financial crisis;

-      and the resulting call for a more

o   stable;

o   and secure

financial system has renewed an interest in Islamic finance.

This paper has highlighted:

-      the main building blocks of Islamic finance;

-      the constraints on its development over the last decades;

-      and its possible future prospects, focusing in particular on the EU.

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)

Occasional Paper No 146