gif Leadership
Managing Islamic Finance Institution:
Setting Yourself Ahead of the Competition
Author: Tasnim Nazeer, Global Islamic Finance Magazine Editorial Team, United Kingdom
Abstract: In this edition of the Islamic Banking series Global Islamic Finance Magazine will take you through a definitive guide to spear- heading your competition and successfully implementing a lucrative business model which will guarantee you success in the Islamic fi- nancial world. As the Islamic financial industry is becoming increas- ingly competitive it is important to evaluate potential competitors in your chosen field be it Sukuk, Takaful or any other Islamic commod- ity which you choose to invest your funds in or open up Islamic win- dows and subsidiaries. The market for Islamic banking has grown rapidly over the past few years, and this robust growth is expected to continue for the foreseeable future. In many markets, Islamic bank- ing has evolved from being a niche offering into being part of the mainstream financial services landscape.
Keywords: Competition, Evaluating markets, Product Development, Operational Excellence, Distribution
The Importance of Evaluating your Competition In the last edition of the Islamic Banking series Global Islamic Fi- nance Magazine (GIF) discussed the various strategies and plan- ning which is necessary in progressing your business into an Islam- ic Shariah compliant entity. In this edition of the Islamic Banking series Global Islamic Finance Magazine will take you through a definitive guide to spearheading your competition and successfully implementing a lucrative business model which will guarantee you success in the Islamic financial world.
As the Islamic financial industry is becoming increasingly competi- tive it is important to evaluate potential competitors in your chosen field be it Sukuk, Takaful or any other Islamic commodity which you choose to invest your funds in or open up Islamic windows and sub- sidiaries.
The market for Islamic banking has grown rapidly over the past few years, and this robust growth is expected to continue for the fore- seeable future. In many markets, Islamic banking has evolved from being a niche offering into being part of the mainstream financial services landscape. At the same time, the competitive landscape is being redrawn, with more Islamic financial services institutions
60 Global Islamic Finance February 2011
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