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Islamic Finance

Inside this issue

• Malaysia remains the leading force in the Asian market, although competition from its neighbours has been intensifying recently

• The US and France have been vying for London’s crown

Video: lessons to be learnt from the credit crisis - -

Content

Credit crunch may test industry beliefs

The industry has held up well so far in the crisis but is unlikely to remain insulated, reports Robin Wigglesworth

Regulation: Further development needs a common rule-book

More standardised products would let the industry go global, writes Simeon Kerr

Islamic Banks: Real estate exposure may be largest threat

And in theory depositors must share any losses, notes Robin Wigglesworth

Sukuk market: Credit freeze victim shows signs of a thaw

An increase in conventional bond deals could help restart transactions, reports David Oakley

Innovation: Downturn temporarily blunts inventiveness

Scholars are taking stock of products, reports Robin Wigglesworth

Asia: Malaysia aims to be hub for its region

However, it is facing increasing local competition, writes Andrew Wood

Sharia boards: Scholars hold sway over the success of products

A small coterie wields power, explains Robin Wigglesworth

Western markets: France and the US vie for the UK’s crown

Shyamantha Asokan says London’s lead in the race to win clients is shrinking

Guest column: New world or false dawn?

Islamic finance faces challenges centred around the increased needs for standardisation and innovation in the industry, writes Mukhtar Hussain