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Islamic banking system provides unique opportunity in tough times

Posted on 06 November 2009

From Independent: The Department of Finance, the Revenue Commissioners and some of the country’s leading accountants are already looking at ways to tap into the trillion dollar Islamic banking industry, which caters to a fifth of the world’s population, according to a position paper drawn up by the department last month.

Islamic beliefs create two different opportunities for businesses in Ireland: the opportunity presented by the often well-off Muslim business people and doctors who live here and the opportunity presented to the Irish Financial Services Centre (IFSC) to become the European home to Islamic banks and investment funds……………………….Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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