The Islamic Finance Risk Initiative

The Growth of Islamic Finance

The field of Islamic finance, or banking within the principles of Islamic sharia law, is growing rapidly. Over the last seven years, the practice of Islamic finance has seen steady growth, and is well on its way to becoming part of mainstream finance globally. In response, we at GARP have partnered with several leading financial institutions to create “The Islamic Finance Risk Initiative,” a guide to the unique risks, challenges, and opportunities presented by sharia-compliant practices.

Our Partners

To make this project a reality, we partnered with the Islamic Research and Training Institute (IRTI), The Islamic Development Bank, Al-Baraka Bank, Bahrain Islamic Bank, Bank Nizwa, and Qinvest. This collaboration’s goal was to develop an approach to assessing the risks of sharia-compliant financial products and services. The result is a book that provides crucial insight and best risk management practices related to dealing in Islamic financial instruments.