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Survey of Global Islamic Finance

Survey of Global Islamic Finance

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Published by donnayoung5
Check for Discount on Survey of Global Islamic Finance report by Timetric. Although the Shariah-compliant retail financial services
Check for Discount on Survey of Global Islamic Finance report by Timetric. Although the Shariah-compliant retail financial services

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Categories:Types, Research
Published by: donnayoung5 on Aug 02, 2012
Copyright:Attribution Non-commercial


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Survey of Global Islamic Finance
Although the Shariah-compliant retail financial services industry is still in the early stages odevelopment in many markets, there are some lessons and best practice issues emerging in theindustry. This report looks at the likely trends within this market and assesses the future potentialfor growth in mortgage finance, credit cards and wealth management.
Executive summary
 Islamic banking has witnessed significant growth since it was formally launched and has sincebeen boosted by the repatriation of Middle Eastern funds and economic development in thatregion. Given the favourable demographic trends within core markets, growth is set to continue.In addition, major international financial services firms have launched Shariah-compliantbusinesses; The UK, US and Singapore all witnessed the establishment of independent Shariah-compliant financial institutions; and regulators of major Islamic banking markets agreed onregulatory standards governing Islamic banking activities. As the re-structuring of globalfinancial services continues, and previously well established financial players attempt to re-position themselves with core audiences, many are arguing that Islamic banking practices haveshielded institutions and their customers from the consequences of the credit crunch. As a result,shariah models have gained favour with non Muslim customers looking for an alternativefinancial model with a prominent moral foundation. At the same time industry observers feel thatthe continued expansion of product lines has the potential to blur the lines between Islamic and
other ‘more mainstream’ types of finance.
This report provides an extensive analysis of the global Islamic finance market
It details historical values for the Islamic finance market
The report provides a detailed analysis on key trends and drivers, marketing strategies,and challenges in the global Islamic finance market
It details the marketing strategies adopted by various banks
It profiles the major banks operating in the Islamic finance sector
Key highlights
Islamic finance Assets-Under-Management (AUM) grew at 18.8% per annum during theperiod 2006-2011.
Iran alone accounts for around a 37% share of Islamic finance assets.
Unlike conventional products in mature markets, where there is a lot of competition,Shariah-compliant products have a ready market due to significant customer demand.
Customers of Shariah-compliant products tend to have a more favourable risk profilecompared to customers of conventional consumer finance products.
Although Shariah-compliant vehicle financing is structured differently by institution andcountry, one of the major issues being faced by financial institutions is the lack of customer understanding of the unique features of these Shariah-compliant products.
Reasons to buy
Understand Islamic finance
Gain insight on the principles governing financial and business activities in Islam
Identify the growth drivers in the Islamic consumer finance and retail banking industry
Assess the competitive dynamics of the Islamic finance industry
Buy your copy of this report
Report Details:
July 2012
 No. of Pages:
Price : Single User License:
US$ 3800
Price : Corporate User License:
US$ 11400
Table of contents1 Executive Summary2 Introduction to Islamic Retail Banking and Consumer Finance
 2.1 What is Islamic finance?2.1.1 Islamic Shariah and its sources2.1.2 Principles governing financial and business activities in Islam2.2 Developing Shariah-compliant products2.3 Techniques used in Islamic banking and finance2.4 The Shariah approval process2.5 Dedicated board of Shariah scholars2.5.1 Board of Shariah scholars at government level2.5.2 External Shariah audit or certification2.6 Approaches towards Shariah compliance in the Middle East2.6.1 The Middle East2.7 Growth drivers in the Islamic consumer finance and retail banking industry
 2.8 Marketing potential2.8.1 Shariah-compliant products as a customer acquisition tool2.8.2 Opportunities to open up new market segments2.8.3 Greater profitability of Islamic consumer finance customers2.8.4 Low product penetration2.8.5 Favourable cost structures2.8.6 Low customer acquisition costs2.8.7 Low development costs2.8.8 Profitability of Islamic products2.8.9 Greater prominence of the industry2.8.10 Acceptance by conservative customers2.8.11 Greater transparency and customer advocacy2.8.12 The adapting role of Islamic financial institutions2.8.13 Sizing up the Islamic finance market
3 Shariah-compliant retail finance products
 3.1 Islamic mortgages3.1.1 Overview3.1.2 Murabahah-based products3.1.3 Ijarah (leasing) plus diminishing equity based contracts3.1.4 Musharakah-based contracts3.2 Risk management issues3.2.1 Default risk3.2.2 Insurance risk3.2.3 Image risk
4 Islamic motor financing
 4.1 Overview4.2 Major requirements for Shariah compliance4.3 Various models of financing4.3.1 Ijarah-based financing4.3.2 Murabahah-based financing4.3.3 Bai Bithaman Ajil-based model4.3.4 Diminishing Musharakah-based model4.4 The competitive landscape4.5 Key growth drivers4.6 Challenges facing Shariah-compliant vehicle financing4.7 Market dynamics4.7.1 The Middle East4.7.2 Bahrain4.7.3 Kuwait4.7.4 UAE4.7.5 Qatar4.8 Southeast Asia4.8.1 Malaysia4.9 Bank Muamalat Malaysia

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