Diversification Needed as Islamic Leasing Looks toward Global MarketsFebruary 15, 2019 at 10:42 am
The Islamic leasing sector reports might look dim for 2018 when based on some Reuters polls. This form of Shariah-compliant financial tool is actually linked with more traditional Western economies, whereby the trade tensions that are mounting between the US and China have had an influence over this year. In fact, recent indicators show that as the US Federal Reserve raises interest rates to cool off an expanding American economy, the effect on the global Islamic leasing sector will continue to have a cooling off effect. The reason is simple — the policy options of some countries that practice Islamic leasing are constrained by the American move.
Check this full article written by Shoeb M Sharieff, the president and CEO of Ijara Community Development Corp., in Global Sector Report on Islamic Leasing published on page 26 of IFN Annual Guide 2019. And check the pdf also in this page.