Advice on Islamic Finance

Islamic Finance is one of the fastest growing sectors is the financial world and is a niche market. Together with our Private Client Management Service we provide our clients with tailored Islamic Finance advice.

The Islamic finance industry is estimated to be worth about $1 trillion and is dominated by the issuance of Islamic bonds, or sukuk. Growth, however, has been held back by a shortage of expertise and poor harmonisation of the criteria applied to products. The market for Islamic Finance reached nearly 30 per cent in 2007, and reports carried out by a number of well known consultancy companies such as McKinsey & Co, expect the market to grow to be in the region of $2 trillion by 2012.

Islamic products must be endorsed by scholars able to interpret sharia law and understand the technicalities of financial products. We at KKMJ work closely with Islamic scholars to understand the principles of Islamic products and how these can be applied to transactions that are based in the UK and in the day to day commercial world.

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