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I have just come across a fantastic summation of the 'death throes' of the retail Islamic finance market in the UK written by someone who was part of the development itself - Junaid Bhatti, formerly of Islamic Bank of Britain.
Have a read here http://www.respublica.org.uk/blog/2010/06/why-britain%E2%80%99s-islamic-finance-industry-flopped
It is the best article I have seen yet on the trials and tribulations that a nascent industry goes through when it is being born. The messages for Australia are loud and clear: there has to be proper marketing of products on proper grounds (not 'special pleading') - and the government really needs to get behind it.
Do yourself and favour and check it out.
debate is healty and much neaded... here's another one that claims opposite
ReplyDeletehttp://arabnews.com/economy/islamicfinance/article74605.ece
Agree 100% - but some core lessons on marketing for Islamic banks all the same ...
ReplyDeleteI am incapable of reading articles online very often, but I’m happy I did today. It is very well written, and your points are well-expressed. I request you warmly, please, don’t ever stop writing. home-improvement-deductions-for-taxes-in-2020
ReplyDelete