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The Future of Islamic Finance

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Inside this issue

• Defaults have destabilised a reviving bond market

• Western companies are moving into a fast-growing insurance sector

VIDEO: David Oakley on the effect of the Nakheel default - -

Content

Dubai debacle overshadows growth

The sector is expanding fast but the Nakheel sukuk is only one of the areas for concern, says David Oakley

Dubai: Debt standstill leaves emirate under a cloud

The coming weeks will test the Islamic bond market, says David Oakley

Asset classes: Moves beyond property and equities pick up pace

Growth will depend on diversification, reports Robin Wigglesworth

Sukuk: Defaults destabilise a reviving market

A legal test looms for the sector’s bond market, writes Robin Wigglesworth

Insurance: Western insurers move into fast-growing sector

But a lack of sharia-compliant investments is an obstacle to growth, says Paul J Davies

Scholars: Sharia compliance rulings reverse trend

Predictability on rulings may prove elusive, says Robin Wigglesworth

Europe: London leads in race to be western hub

The UK is likely to be first with a sovereign Islamic bond, reports David Oakley

North America: The US holds its breath on bonds

GE’s sukuk is the first of many – in the long term, says Aline van Duyn

Cost of compliance helps keep hedge funds from proliferating

The imminent development of a sharia-compliant industry has been a regular talking point, writes Sam Jones

Crossover: Wider appeal battles with signs of inefficiency

Kevin Brown looks at whether the sector can provide a viable alternative to conventional financing

Middle East banks: Gulf looks beyond poor loans to consolidation

Malaysia: Rules and tax breaks boost innovation

Indonesia: Small customers targeted in expansion by banks