TFG’s editor, Deepesh Patel, interviewed Nasser Al-Thekair, general manager of trade and business development at the International Islamic Trade Finance Corporation (ITFC), to discuss the impact of COVID-19 on Islamic Finance.
Your Monday morning coffee briefing from TFG. The UK has now administered 22.2m first vaccine doses and 1.1m second doses. Per 100 population, the UK has administered 34 doses, ahead of the US (26), Germany (9) and France (8) but behind Israel (100) and the UAE (63).
Islamic finance is a specialist area that presents exciting growth opportunities for the UK. Sharia (Islamic law) compliant banking assets make up 6% of the world’s banking assets, but globally, approximately one in four people are Muslim. The scope for growth is obvious.
TFG heard from Eng. Hani Salem Sonbol, CEO, International Islamic Trade Finance Corporation
In preparation for TFG attending IFN Asia next week in Kuala Lumpur, we put together a brief overview of shariah law and shariah finance, outlining the key differences between riba, gharar, musharakah and sukuk.
It was recently announced that Federated Investors, Inc. one of the largest investment managers in the United States, and the International Islamic Trade Finance Corporation (ITFC), member of the Islamic… read more →