About Islamic Finance
Shari’a law forms the basis of European Finance House’s investment repertoire. At the heart of Islamic finance are principles which forbid all forms of interest (known as riba) and which encourage the equitable sharing of risk between the bank and its partners and the avoidance of unnecessary, speculative activity (known as gharar). Shari'a compliant finance offers us a unique opportunity to build close and durable partnerships with our clients. The removal of interest as a means of making money generates a different dynamic to traditional banking, as Islamic banks share profit and loss with their clients.
The Shari’a finance industry is currently expanding at a rate of 10-15% per year (Euromoney Islamic Finance Review 2007/08), making it one of the fastest growing markets in the world. The advantages of Shari'a compliant finance are being acknowledged beyond the Middle East, with the City of London becoming home to Islamic institutions that are expanding their reach to European-based investors, whether Muslim or not.
Do not hesitate to contact us to find out how Shari’a finance can work for you.