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A Handbook on Securities Statistics released by the International Monetary Fund has defined common Islamic financial instruments. »

Islamic finance in the United States A report released by the Malaysia Islamic Finance Centre (MIFC) presents an overview and the potential of Islamic finance in the United States. The report states, “The sole issuer from the US was Goldman Sachs, a major investment bank that had issued a USD500mln Wakalah sukuk in September 2014 – the issuance attracted an order book of USD1.5bln. In additi... »

An IMF discussion paper titled “Regulation and Supervision of Islamic Banks”, questions the conventional post financial crisis thinking of Islamic banks being more stable than conventional banks. The paper concludes Islamic banks are just as exposed to risks as conventional banks and due to Sharia’h compliance face specific risks unique to their sector. The report details the com... »

Somali entrepreneurs are transforming neglected neighborhoods with the help of a Minneapolis Islamic financing program. Read full article here. »

In the US, the Islamic finance sector has traditionally been involved in financing transactions at the consumer level. The first, and most notable, systematic attempt to bring Islamic finance to the US retail consumer market was made in the mid-1990s when the Office of the Comptroller of the Currency (OCC) formally recognised the ijarah and the murabahah models as being valid for transactions invo... »