The paradox of Islamic finance

The paradox of Islamic finance

Since its foundation in the seventh century, the Islamic faith has spread across the globe, with more than 1.8bn adherents today. In 2018, there were 3.4m Muslims in the UK, making up 5 per cent of the population. The Pew Research Center, an American think-tank, predicts that by 2050 this figure will have climbed to just over 13m, or 16.7 per cent of the UK population. They will need access to financial products that adhere to Islamic standards.

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