Unregulated financial activities are casting a longer shadow day by day and the impact could be catastrophic if the industry is not careful. But can the rise of the multitrillion dollar shadow banking sector also represent an opportunity for innovation, diversification and financial inclusion? Our Cover Story this week assesses the implications of Islamic shadow banking activities.
In this issue, we bring you a first-hand look into a crucial Islamic finance regulatory reform currently being discussed by Turkish regulators and explore the potential impact of an uncommon fixed income feature used in Oman’s landmark retail Sukuk offering as well as comprehensive analyses of the Sudanese financial market – one of two in the world that complies fully with Shariah laws – and the global Islamic equity capital markets.
In light of major geopolitical events and questions of Shariah compliance and the legality of certain Islamic finance products, IFN Columnist Kavilash Chawla shares a few strategies Islamic financial institutions could adopt in times of uncertainty. Market experts explore a plethora of topics from the role of private equity in transforming Muslim economies and the flaws of Islamic accounting practices to the fusion of Sukuk and green bonds. And our IFN Correspondents bring you on-the-ground updates from four different countries.
We are delighted to bring you this bumper issue especially after our short Eid break and wish you a rewarding, informative and insightful read.