IslamicFinance.de

Islamic finance offers an interesting alternative to the way the financial sector operates across much of the world. That was part of the message presented by Belaid Jheengoor, a Bermuda-based chartered accountant and asset management executive. He also noted there was still room for a jurisdiction, such as Bermuda, to emerge as an Islamic insurance and reinsurance leader. Today, the largest domestic markets for Islamic finance are Iran, Malaysia and Saudi Arabia. However, a number of non-Islamic countries and jurisdictions are building their presence in aspects of Islamic finance, said Mr Jheengoor. He added that the sector was experiencing double-digit growth.