Monday, 26th March 2007
As reported in the FT, Lloyds TSB have launched an Islamic Business Account, aimed at the UK's 100,000 Muslim-owned businesses. Account eligibility starts at a £2m threshold, with an Islamic corporate account available to those businesses with a higher turnover.
The strict Islamic laws surrounding Sharia-compliant finance have meant that small business bank accounts have been slow to arrive on the UK market. Since the introduction of Sharia-compliant retail banking products e.g. current accounts, student accounts, car finance and mortgages, the UK Islamic finance market has grown. Islamic mortgages, for example, are projected to be worth £850m this year.
Given the inevitable growth and complexity of this market within the UK, it may be worth noting some potential research sources (I do not have personal research experience of some of these sources):
· The Banker - Islamic banking supplements and rankings
· Islamic Banking and Finance - quarterly publication
· Islamic-finance.com - a database of institutions, events, books and researchers, from more than 30 countries, relating to Islamic finance
Document the value chain, and transform the way you think about, manage and report on your product portfolio and your information service contributions to your organisation goals.
Focus on Value Chain
Risk assessment is a required process for a healthy information department. It gauges the ability of your services, team, portfolio and overall value to withstand stress.
Focus on Risk Assessment
Sorry, there seems to be a problem with Webinar and Community listings. Please let us know, by email to email@example.com. Thank you.
Our proven processes, resources and guidance will help your team make the shift from transaction centre to strategic asset.
Designed around the most common challenges and pain points for time- and resource-strapped information teams
Supercharge remote productivity and value
Holistic content portfolio management
Future-proof your information service
A tailored overview of our research and active discussion with your Jinfo analyst.
Measure your starting point to articulate your strengths and set priorities for future improvements. Assessments gauge risk, capacity, value and more.
Read case studies, and start the conversation:
Connect your team with the practical tools, original research and expertise to build and support information strategy in your organisation.
A Jinfo Subscription gives access to all Content (articles, reports, webinars) and Community.