Use our industry guide to find key background information, market research, import and export guidelines, statistics, legislation, trade bodies and trade publications.
The Business & Industry Guides series is produced by the Library & Information Service for ICAEW members and ACA students.
We can compile tailored key players reports, mailing lists, market reports, benchmarking reports and industry news. Our enquiry team can also research other industry-specific information, such as taxation, for you. Call us on +44 (0)20 7920 8620 or email library@icaew.com.
News
Need to find the latest news on this industry sector? We can carry out industry news searches using a range of trade titles and general business sources through our databases. To discuss your requirements, please contact the enquiry team on +44 (0)20 7920 8620 or at
library@icaew.com.
Islamic accounting
A dedicated section of the IAS Plus (Deloitte) website focused on recent developments in Islamic accounting requirements and practices.
ZAWYA Islamic Finance news
Islamic finance gateway from ZAWYA.com, which includes latest news stories, featured research reports and economic indicators. A free Zawya Daily email newsletter alert is available.
Industry press
The ICAEW Library & Information Service provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers'
terms of use.
Exclusive
Sukuk market faces barriers in global expansion
The global sukuk market has experienced tremendous growth in the past few years, but interpretation and standardisation obstacles remain in establishing the Islamic finance product within the global financial market. Four lawyers discuss how the pace of sukuk growth has been troubled by high interest rates, as well as the lack of familiarity issuers have with Sharia-compliant standards.
Exclusive
Takaful associations collaborate to grow expertise
Insights from speakers at the Takaful Rendezvous 2023 industry event in Mayalsia. Takaful operators in Malaysia and Indonesia have recorded stable growth over the past year. However, they face challenges getting the right talent and expertise to scale their operations. Speakers at the event discussed their thoughts on how to grow the industry.
Exclusive
More collaboration needed between takaful and InsurTech
Takaful operators in Malaysia face similar challenges to their conventional counterparts in trying to adopt new technologies. EY Malaysia’s Ravi Kittane and Ahmad Hammami provide insights into how Takaful providers are using emerging technology such as AI chatbots and robotic process automation while also taking care to comply with Shariah principles.
Exclusive
The Islamic banking boom in Pakistan
Islamic banking has experienced a remarkable surge in Pakistan, according to a report by PWC. The country's six solely Islamic banks and 16 conventional banks with Islamic banking branches have triumphed in capturing a substantial market share, significantly altering people's financial inclinations. The government has encouraged the industry with a number of regulations and incentives to promote Islamic banking.
Exclusive
Implementation of AAOIFI standard no.35 by Saudi Islamic banks: Opportunities and challenges
The authors present their research, which analyses the reality of reserves in Islamic banks in light of Financial Accounting Standard No. 35 issued by AAOIFI in 2018. They also studied the extent to which Saudi Islamic banks adhere to this standard and identify the advantages and challenges facing these banks in this field.
Exclusive
Sukuk issuance reaches new heights but pace to slow
Huge demand from Islamic investors has propelled new sukuk issuance volumes to a record level - but the pace is likely to drop, as access to the sukuk market from outside the Islamic world is limited. One emerging market syndicate head in London said demand for sukuk bonds from Islamic banks has been "insatiable". High energy prices over the past twelve months mean banks in the Gulf (who are some of the main buyers of sukuk) are currently cash-rich and looking to spend.
Exclusive
Takaful in Australia
Takaful companies the world over say shariah-compliant insurance is not just for Muslims, but should appeal to customers of all faiths who simply want to take advantage of a product that is ethically sound and competitively priced. The article takes a look at how far the takaful industry has come in Australia.
Exclusive
Digitalization and the prospects of cryptocurrency in Islamic finance
Are the principles of Islamic finance compatible with cryptocurrency? The authors investigate the extent to which cryptocurrency structure complies with the maxims of Islamic finance and the views of Islamic finance scholars. The challenges facing the introduction of cryptocurrency into Islamic finance are outlined.
These journals are available only to logged-in ICAEW members, ACA students and other entitled users. To access them, please log in.
The IFSB issues global standards for the Islamic finance industry, as well as conducting research and coordinating new industry initiatives. It currently provides quarterly Islamic banking data for 22 countries: Afghanistan, Bahrain, Bangladesh, Brunei, Egypt, Kazakhstan, Indonesia, Iran, Jordan, Kuwait, Lebanon, Malaysia, Nigeria, Oman, Pakistan, Palestine, Qatar, Saudi Arabia, Sudan, Turkey, the United Arab Emirates and the United Kingdom.
Prudential and Structural Islamic Financial Indicators (PSIFIs) available include:
- Capital adequacy
- Asset quality
- Earnings
- Leverage
- Liquidity
- Sensitivity to risks
- Value of Shariah-compliant financing by economic activity
- Value of returns by major type of Shariah-compliant contract
- Number of Islamic banks
- Number of employees
Detailed financial statements are also available for seven countries: Afghanistan, Bangladesh, Malaysia, Pakistan, Palestine, Turkey and the United Arab Emirates.
The websites of government, regulatory and trade bodies in this sector are a useful source of industry overviews, contacts and statistics.
Trade journals, B2B magazines and specialist consumer magazines are another useful source of news and statistics.
These online directories can be used to identify specialist Islamic finance firms, financial products and professionals.
Articles and books in the ICAEW Library collection
The collection of the ICAEW
Library & Information Service includes a range of articles and books on Islamic finance. Use the links below to see what we have available to request in our Library catalogue (Libcat). Please
contact us if you would like to borrow a book or request a copy of an article.
Tolley's property taxation, 2024-25
A guide to all relevant taxes and how these taxes can interact, providing authoritative answers to all your queries. Covers property investments, development, redevelopment, refurbishment and maintenance, Islamic funding structures, and more.
A practitioner's guide to trade and commodity finance, 2nd ed.
This book examines all aspects of trade and commodity financing, from pre-export financing to enforcement of security and insolvency issues. The authors consider the risks and risk management methods involved, along with issues around regulation and due diligence. It includes discussion of Islamic financing techniques.
Islamic finance: law and practice
An overview of the global Islamic finance industry, covering Islamic law and contracts in practice, with chapters on sukuk and takaful.
Law of Sukuk: shari'a compliant securities
An authoritative guide to Sukuk, the Islamic equivalent of bonds. The book offers clear guidance for legal and finance professionals on the sale, purchase, origination and issuance of sukuk, including standard form documents and financial services contracts.
Islamic finance: a practical guide
This book analyses market trends, key developments and structures for sukuk, syndications, funds, takaful, project financing and Islamic liquidity management.
Islamic finance in a nutshell: a guide for non-specialists
A pocket sized guide for non-specialists which includes a chapter on financial statement analysis for banks with five example Islamic financial statements (detailed balance sheets) to show how different these are to the statements that would be prepared for their conventional counterparts.
To find out how you can borrow books from the Library please see our guide to borrowing books.
You can obtain copies of articles or extracts of books and reports through our document supply service.
Every effort has been made to ensure that the information given in this Business & Industry Guide is correct. However, the content of websites changes frequently and users should satisfy themselves that the information they contain is suitable for the purposes for which they wish to use it. We would be grateful to receive notification of any broken links at library@icaew.com.
Hyperlinks
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