How serious is the Erudite Shariah-compliant Business in Europe? Evolution, Pivotal Challenges and the way forward

Abstract

Traces the historical milestones of Islamic banking and finance into Europe. Showcases the evolution of the erudite way of Islamic banking over the years while concentrating on active European Islamic finance markets i.e. France, Germany and United Kingdom. Also, critically analysis the current practices of Islamic financial institutions in the said markets. Lastly, identifies some of the pivotal challenges facing Islamic bankingindustry and its future prospects in the region.

Keywords: Shariah-compliant, Europe, Well-versed Advisors, Comprehensive Shariah Framework