Lack Of Governance Affects Islamic Finance Growth In ME

islamic finance governanceExperts said that the Islamic finance industry is estimated to grow rapidly and more than double in the next four years.

By Mary Sophia

Lack of proper governance and regulation for Islamic finance can affect future growth and confidence of the sector in the region, industry experts have warned.

“The bigger you grow, the more transparent an industry needs to be in order to gain confidence. This happens only when there is proper governance and regulation,” said Ashruff Jamal, partner and global Islamic finance leader at PwC, Dubai.

read more at : http://gulfbusiness.com/2013/09/lack-of-governance-can-affect-islamic-finance-growth-in-me/#.UjDlXD-C_-Z

Gulf business

UK and UAE complement each other on Islamic finance

uk and uae flagsDubai: On her visit to the UAE to promote London as a hub for Islamic finance, Senior Minister of State at the UK’s Foreign and Commonwealth Office Baroness Warsi welcomed Dubai’s initiative to be the global centre of Islamic economy, saying that the two countries “absolutely” complement each other in this regard.

Read more at : http://gulfnews.com/business/economy/uk-and-uae-complement-each-other-on-islamic-finance-1.1229955

source : Gulfnews