IslamicFinance.de

Getting Islamic finance to become more mainstream needs a significant change to take place in the industry.
During the three-day event at the Gulf Hotel in Manama, delegates heard of the challenges facing the proliferation of Islamic finance products.
Shebab Marzban, product development officer for Egypt-based Ideal Ratings, instigated the discussion when he warned that many Western fund managers fail to carry out correct due diligence on Islamic finance products.

An expert in Islamic financing has warned that some Sharia-compliant products in Europe do not actually comply with the strict teachings.
Shebab Marzban, product development officer for Egypt-based Ideal Ratings, said that many western fund managers fail to carry out correct due diligence on Islamic finance products.
Many holdings for Sharia funds do not adhere to strict rules of not investing in firms that make a profit from using interest or selling pork or alcohol-related products.