The Islamic Banking and Finance Power 100 names will be included within the final Muslim 100 Powerlist publication and announced on the night of the Muslim 100 Gala Dinner on the 6 May 2018 at the Hilton Park Lane, London.
Islamic finance plays a significant role in infrastructure development in the UK. This includes, for example, development finance for The Shard, Battersea Power Station regeneration, London Gateway, the Olympic Village and the redevelopment of Chelsea Barracks. Over 6,500 homes in the North-West and the Midlands are have been financed by a £700 million investment by Gatehouse Bank, a fully Sharia compliant bank.
A pioneering, unique and prestigious initiative, the Banking and Islamic Finance Power 100 names will include British based Islamic finance Powerbrokers and the Global Muslim men and women who play a significant role in the exponential growth of Islamic finance worldwide including those individuals from countries such as Indonesia, Pakistan, Malaysia, Bangladesh, Turkey, Saudi Arabia, UAE, Jordan and Palestine etc.
The UK is the leading Western centre for Islamic finance. It has been at the forefront of key developments in Europe with the number of institutions based within the UK offering Islamic finance services nearly double the number located in the US and far ahead of other Western countries.
There is a growing global demand for skills as Islamic finance expands. Banks, Sukuk issuance and exchange traded products are complemented by world leading professional services supporting Islamic finance deals and transactions. Services in the UK are offered by financial intermediaries, asset managers, insurance providers and over 30 international law, accountancy, and consultancy firms. In addition, UK institutions are at the forefront of providing academic and professional qualifications for the global industry ensuring the UK is a leading centre of Islamic finance education and training with four professional institutions and nearly 70 universities and business schools
The individuals featured within the Islamic Banking and Finance Power 100 are leaders within their fields and have ensured that the UK maintains its pre-eminent position in Islamic finance and Sharia compliant standards.