Real Economy and Islamic Finance: “Oil up the gears and move through them”

Thank you so much for returning to this page and for all your helpful and constructive comments after last month’s article. Your support and engagement is much appreciated. This month I would like to continue on the “Winds of Change theme” by trying to stimulate some discussion and thought around how we lubricate the mechanism and move up through the gears. Hence the title!

After nearly a quarter of a century in the Islamic finance business and with my 65th Birthday looming (retirement age?) I thought I would try to describe how we can move forward effectively and comprehensively. A number of years ago I coined a phrase to respond to the question “What is Islamic finance?” My stock answer for almost a decade now has been “Islamic finance is about the efficient and effective mo...