Crossing over: Islamic banking needs to reach out to new customers

 

Islamic banks will have to become increasingly innovative if they want to gain a bigger share of the market says Nicholas Brewer

Banks such as HSBC and Citi have established their own Shari’ah committees.
Banks such as HSBC and Citi have established their own Shari’ah committees.

As the Gulf nations reap returns from oil prices, and economies in Asia continue to grow on the back of economic liberalisation, demand for Islamic banking is surging across the Muslim world and beyond.

 

 

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