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Editorial Letter


Influence is a tricky concept. Its meaning derives from the Latin word influens, which means to flow inwardly, pointing to an ancient astrological con- cept: that unseen forces (like the moon) affect hu- man life. Global Islamic Finance Magazine’s Most Influential 20 is a list of people who matter in Islamic finance globally: those whose comments move markets; whose ideas and policies shape corporations, governments and economies.


In compiling the list, we have focused on people who matter right now, rather than those who have been influential over the course of a long career. These figures have the ability to affect the field of Islamic finance both directly and indirectly. The GIF Magazine’s list of 20 Most Influential People in Islamic Finance currently ranges from bankers, to regulators, to asset managers.


Global Islamic Finance Maga- zine’s Most


Influential 20 is a list of people who mat- ter in Islamic finance globally: those whose comments move mar- kets; whose ideas and policies shape corpo- rations, governments and economies.’’


We have strived to highlight people who are influ- ential in Islamic finance - that is, people whose influence is derived from their practice in Islamic finance, or from the fact that they are promoting Islamic finance internationally.


We think that this approach gives valuable insight into the different impacts influencers have on the world of Islamic finance. It also shows the current diversity in how people are influenced by Islamic finance and banking. In a variety of different ways, each person on this list has influence over financ- ing methods. Their influence comes from many sources; however, they are unified by their shared ability to affect the unique way of financing.


The people selected have contributed to the Is- lamic financial industry in truly significant ways, and clearly possess the leadership qualities es- sential for the jobs they do.


As executives, directors and CEOs, the people in this list are putting in hard work through these challenging times, in order to make Islamic fi- nance the fast-growing industry that it is today. We conducted research with experts within the Islamic finance industry in order to finalise a list- ing, then contacting people to ask whether they wanted to feature in this presentation. Candidates were then asked questions about their positions, their roles, their levels of qualifications and expe- rience, awards and nominations received, and their level of exposure within the Islamic finance


industry. This included speeches and attendance at conferences and presentations, and books, in- terviews, and articles.


All the people appearing on the list were chosen based on the research gathered from questions asked within interviews, external comments re- ceived, and general internet research taking place between March 2011 and November 2011. This is the first listing of its kind, and our selection process is still in its infancy.


The 20 most influential people in the Islamic fi- nance industry have been placed in alphabetical order in this listing. There are no specific numbers assigned or ordering by influence. In this list, Glo- bal Islamic Finance Magazine wants to celebrate people who have made a difference in the Islamic finance industry through a variety of ways, by recognising their achievements, the impact they have made on the industry, and the recognition they have earned.


We would like to hear what you think about the methodology, if you feel like sharing any com- ments with us. Who do you think should be con- sidered as the most influential people?


Farhad Reyazat


PhD in Risk Management Editor in Chief


To write the letter to the editor, send an email to editor@globalislamicfinancemagazine.com. 8 Global Islamic Finance April 2012


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