ISLAMIC INVESTMENT
Ibrahim Khan adds : “ Right now , all of the Muslim wealth is sitting in limited spaces that cater for Muslim finances because the options available for Shariah-compliant investing are so scarce .
“ We need to see more support from mainstream financial companies and providers to Muslim finances as part of their wider social responsibility and obligation to support diverse populations .
“ The products currently on the market are scarce and unable to meet the increasing demand of the largely underserved Muslim population across the world . To put this into perspective , there isn ’ t a single Islamic home insurance provider in the UK . It ’ s always good to see new Islamic finance products on the market , and this needs to accelerate sooner rather than later .”
“Making Islamic investments easier to get into , and using technology to make it simpler , will attract younger Muslim investors ”
IBRAHIM KHAN CO-FOUNDER , ISLAMICFINANCEGURU
134 December 2023