Why the Islamic Finance Industry is Failing to Evolve

If anyone attended the recent Deloitte-IRTI/IDB workshop, I owe you an apology. I know, I was ranting. I’m slightly concerned it’s kind of my thing nowadays. I think the angry young man is still somewhere within, even if disguised by middle age. Is this what I am reduced to in the late ‘asr of my career? The only madman in the room. A repetitive impotent diatribe against the hijackers of an industry I care deeply about.

Maybe you care. In fact, it’s more than likely that you do otherwise you wouldn’t be subscribed to this website and reading this. You recognise the elegance of the Islamic economic model. For you it has the power to change the world for the better. Not just the Islamic world. You know that its values are universal and have a benefit for all of humanity, irrespe...