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Workshop
Consulting
Interest-free Dominating Private Equity
Takaful and services
lending: the Islamic growth sector
next to enter not yet
niche in finance in the Gulf
Europe significant
Sweden industry countries
business trend
Insurance - Takaful
➢ Solidarity Bahrain plans expansion to Europe
➢ Islamic Bank of Britain wants to establish Takaful
➢ Other market players going to enter the takaful market
➢ Currently integration Banking – Takaful weak, cross selling very low
➢ Funds under management will be attractive for asset managers:
➢ Friends Provident will manage Assets in Europe for Solidarity...
Asset Finance: Sukuk – a megatrend
➢ Annual volume 2004 below USD 7 bn – an extreme niche market
➢ Drivers: Islamic banks and private client portfolios
➢ Capital adequacy and liquidity rules for Islamic banks resulting in need
for Sukuk
➢ Private clients dominated by real estate and stock market investments –
fixed income products like Sukuk desperately needed
➢ Sukuk market will grow: 5 years from now potential USD 150 bn
Megatrends in Islamic Banking
"The Islamic banking industry still needs some big institution to cater to
the needs of primary and secondary markets. Over 82 per cent of the
Islamic banks have $25 million or less assets, which really narrows their
scope to participate in any kind of activity," Dr Al Khoja said.
... w e w o r k o n it !
Contact Details
Michael Gassner Phone: +49 7000 42 77 637
Consultancy Fax: +49 7000 42 77 637
Kyffhäuserstr. 8 gassner@islamicfinance.de
50674 Cologne www.IslamicFinance.de
Germany
What we do as consultant:
● Structuring: Coordination of Shariah, tax, legal and market issues
● Marketing: Direct investments, roadshows, market strategy