Halal transaction of u.s.a9/17/2023 ![]() The factors driving the growth of the market are directing investment toward the tremendous growth opportunities in the promising Islamic sectors. Despite the impact of covid-19, the global Islamic finance market is growing moderately because of strong investments in the halal sectors, infrastructure and sukuk bonds, especially through electronic modes in all products and services. Although this may sound obvious, the ESG, especially the social aspects, have until now been less obvious. In an ironic twist, while Islamic finance abides by the goals and objectives of Islam – namely the shariah – these same goals overlap with environmental, social and governance (ESG) considerations and the broader aim of sustainable finance. ![]() From the late 1990s, the market size grew significantly, paralleling the growth of the Muslim population in the US: from 50 per cent in the 1990s to 66 per cent in the 2000s. Their services were limited to investment and home finance and were available only regionally. Islamic finance in the United States dates from the 1980s, when two institutions opened on the West Coast. An extract from The Islamic Finance and Markets Review, 5th Edition
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |