gif Article Collection Islamic Capital Market


Islamic Finance and the Stock Exchange: Starcrossed Lovers or a Match Made in Heaven?


Keywords: Capital Market, Stock Exchange, Islamic invest- ments, Islamic financial system


There is no reason why a compe- tent Stock Exchange would not be as important to Islamic finance as it is to conventional finance. An effective Stock Exchange is condu- cive to the mobilisation of savings


for investment, acting as individual shareholders’ means towards li- quidity. Existing Stock Exchanges within the conventional economy, however, have many drawbacks from which Islamic finance can learn many lessons. As Lotfi Zairi, Assistant General Manger at Qatar International Islamic Bank, explained to GIF magazine, “Stock Exchanges [...] are not driven by


market fundamentals. Order: 2010g040


Islamic Capital Market


Shariah - Based Guidelines for Trading Shares in the Stock Market


Keywords: Islamic Finance, Shariah Stock market shares, Capital Market, Stock Ex- change, Islamic investments, Islamic financial system


The Stock market is the place where shares of common stock are bought and sold. The term stock is used to denote an investor’s


ownership of a company so that an investor who buys a company’s stock becomes one of the com- pany’s owners or a shareholder. The investors in the stock market range from small individual stock investors to large hedge fund trad- ers. Stock Exchange or bourse is a corporation that provides facilities for the trading of securities and stocks. These are an important way for companies to raise capital for investment and at the same time give an opportunity for investors to


share in a company’s profits. Order: 2010g041


Wealth Management


Islamic Wealth Management Opportunities in Africa


Islam (Some countries, such as Mauritania, are even recorded as having a 100% Muslim population).


Keywords: Finance, Africa, Islamic Wealth Management, Sukuk, Takaful, Investments.


Islamic wealth management’s strength lies in the fact that-as long as you’re affluent-the sector is accessible to you, whether you’re Muslim or not. However, in Africa Islamic finance is quite exclusive to Muslims; this includes the Islamic wealth management sector as well. This is hardly surprising as Africa has an almost predominantly Mus- lim population; as of 2008 47.81% people in Africa professed to follow


As Muslims are among the poorest of Africans, you can imagine that the Islamic wealth management sector here is still a tiny niche. Yet, there is hope, if only the segment can attract wealthy foreign inves- tors from other continents. As it happens, sovereign funds in Gulf states are already considering Af- rican countries as lucrative invest- ment zones. Suleiman Shahbal, the chairman of Gulf African Bank states, “There is a huge appetite by business people from the Gulf region to invest in Africa. But what opportunities are there to entice such investors and whet their ap- petite?”


Order: 2010g068


Wealth Management


Islamic Wealth Management Opportunities in North America.


the expansion of the market in the near future?


Keywords: Islamic Wealth Management, Takaful, Sukuk, Global Sukuk, Role of Sukuk, North America


In this part we will be going even further west and examining the emergence of the industry on the North American continent. Is there really scope for an Islamic wealth management sector in the USA and Canada? If so, what types of opportunity are there? What kind of investors would be interested in this geographical market? What developments have there been to date? What is being done to ensure


There is undeniably plenty of potential for the North American Islamic Wealth Management market to take off, if only based on the number of Muslims on the continent. According to Allied Media Corporation, there are no less than 8 million Muslims in North America-there are 7 million in the USA and 1 million in Canada. Other estimates say that this figure is even greater-perhaps even at 10 million (Ranzini, 2007). This Mus- lim population is larger than those of Norway, Finland, Denmark, Swit- zerland and Sweden. In fact, USA has the largest Muslim population out of all the non-Muslim nations. The American Muslim population is only set to increase, with projec- tions putting it at 16 million by 2014.


Order: 2010g067


See more at www.globalislamicfinancemagazine.com/article-collection


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88