By V L Srinivasan, QATAR TODAY
Islamic finance, which includes Islamic banking, sukuk, Islamic funds and takaful, was popular only in the Muslim countries but became an integral part of the global financial architecture in the last few years after gaining credence in other countries where Muslims are in the minority.
The UK issued its first sovereign Islamic bond for $298.08 million (QR1.08 billion) in June last year which was subscribed more than 10 times. Other countries like Morocco, Japan, Senegal, China and South Africa too have evinced keen interest in Islamic finance products and Germany launched its first Islamic bank two months ago.
Click here