Waqf may not be the most exciting of products, but its potential is undeniably appealing. With banks, governments and a global standard-setter mobilizing efforts to tap this deep pool, our cover story discovers that the innovation wheel to unlock this resource has begun to turn.
In this issue, mergers and acquisitions is a big theme as explored by our reports while for Pakistan we dive deep into the recent brouhaha on tax neutrality (or the lack of). Regulation is another focus as Al Busaidy, Mansoor Jamal & Co gives us an expert analysis on the Omani legal infrastructure while First Frontier Capital walks us through the sales and trading of Islamic instruments in a new regulatory environment. We have updates from nine of our global correspondents this week and resident columnist Mohammed Amin shares his two cents on the UK’s efforts to introduce Shariah compliant central bank deposit facilities.
As usual, we wish our readers an insightful and informative read.