Alberto Brugnoni, "Ancient values creeping back into the European economy", October - December 2008 - Article on the reasons of the development of Islamic finance in Europe
Demand for finance based on Islamic religious principles has been skyrocketing across the globe for years originally driven by demand from HNWIs and institutions in the Middle East - typically a reallocation of oil-derived wealth into Islamic products. This is hardly surprising considering that approximately one person in four in the world is Muslim. This has also meant that both the need for halal investment opportunities has grown as well as the desire to finance them in accordance with Shariah principles ...