Jawad I. Ali is a London- and Dubai-based partner at King & Spalding, a law firm specializing in helping corporations structure deals in compliance with sharia, or Islamic law. Ali says sharia-compliant financial services are rapidly expanding in popularity, due in part to increased oil wealth across Gulf Cooperation Council (GCC) countries. He also credits increased efficiency in meeting the Islamic restriction on paying or charging interest, which has allowed banks to offer sharia-compliant services without sacrificing their competitiveness.
Via Global Envision.
- Log in to post comments