STARS: A Framework for Islamic Finance Development

I have been active in the field of Islamic Finance for a number of years now and during that time have been asked many questions. The most frequent question has been “Do I have to be a Muslim to participate in Islamic Finance?” The answer to which, I am sure you all know, is NO you do not. Islamic Finance is for the benefit of all humanity.

Leading on from this and probably the second most frequent question I get asked, goes along the lines of “What is it that you have to do to set up Islamic Finance in a country?” The answer to that is the subject of this, my first monthly blog for IslamicBanker.com and is written in the STARS!

As many of you know I have both a practitioner and a consulting background in Islamic Finance. While a consul...