Risk.net

Islamic financing evolving fast

Middle East Investment Summit, Bahrain, November 2009

sharia

Shariah compliant products are maturing and have come a long way from what was being offered seven to eight years ago, says Safdar Alam, executive director, head of Islamic structuring at JP Morgan. Islamic finance, says Alam, is looking much more at what clients want (and understand) as products.

“We are seeing a growth now in treasury products for hedging or investing into different asset classes. This is an interesting market development. We’re generally seeing a wider acceptance overall and a