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The Future of Islamic Finance

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

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