IslamicFinance.de

The Islamic Banking and Finance Society (IBFS) was inaugurated at Oxford Union Debating Chamber last Wednesday. The new society aims at acting as a platform for the Islamic finance as well as creating relationships between professionals in Islamic banking and finance students at Oxford. Financial experts have debated aspects of Islamic finance and banking, offering future economists a platform to better understand the industry. Presentations from Islamic finance Experts have also highlighted the ethical spirit of Islamic finance. The United Kingdom is one of the leading countries in the European Union to have Islamic banks. It is also developing its takaful market for Islamic insurance. Moreover, the UK also has a strong foothold in developing products such as commodity murabaha and Islamic retail services.