Skip to main content
Home
Muslim-Investor.com
Resources on Islamic Investment, Banking, Finance and Insurance
  • About
  • FAQ
  • Advertise
  • Forums
  • Site Map
  • Contact

Islamic finance becoming part of the mainstream

  1. Home

Tue, 2007/06/12 - 23:51 by Muslim Investor

7Days has an article on how Islamic finance is becoming part of the mainstream, rather than a niche market.

The Islamic financial sector has been growing strongly over the past few years, and is slowly gaining recognition in international financial circles. More than 20 years ago, when Shariah-compliant instruments were still being defined, a range of less than honest ventures in Egypt almost ended the concept. The shady dealings of el-Rayyan, el-Sherif and el-Hoda saw in the former case the loss of some $1.43 billion overnight in a ‘Shariah-compliant’ institution that was little more than a pyramid scheme.

The industry has learned from its mistakes well. With the Islamic ban on ‘riba’, i.e., usury or interest-based earnings, Shariah-compliant finance seeks to incorporate the concept of risk with earnings made through profits. A variety of products, such as musharaka and ijara, have launched themselves on the market using an asset as securitisation, most commonly in the form of real estate ‘mortgages’.

  • Log in to post comments

User login

  • Reset password

Site map

Main menu

  • About
  • FAQ
  • Advertise
  • Forums
  • Site Map
  • Contact

Contents

  • Introduction
  • Basics
  • Principles
  • Scholar Answers
  • Stocks
  • Resources
    • General
    • Directories
    • Fatwas
    • Institutions
    • Education
    • Research
    • Books
    • Law Firms
    • Miscellaneous
  • Miscellany

Forums

  • Discussions
    • Investment
    • Financing
    • Banking
    • Insurance
    • Investment Scams
  • Site Related
    • Site Questions and Support

Scholar Answers

  • Bio - Yusuf Talal DeLorenzo
  • Shariah Screening
  • Mortgage on Investment properties
  • The Residual Value of Leased Assets
  • 401K Plan
more

Search

Book navigation

  • FAQ: Frequently Asked Questions

Venture Capital

  • FINANCE REQUIRED TO REBUILD INDIA & GCC
  • Instructions for Venture Capital Opportunities
  • hms 1/2 and used rails for sale
  • seeking investors for a franchise business in Indonesia
  • Need a investor to start business in maldives
more

© Copyright 1999-2025 Muslim-Investor.com.
All rights reserved.
All comments and articles by others are copyright by their owner, and reflect their views and opinions, which may not necessarily be consistent with the views and opinions of Muslim-Investor.com.
Please read our Terms of Use, and Privacy policy before you register for an account or post any information.