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Legal Developments worldwide

ISLAMIC TRANSACTIONS

April 2009 - Corporate & Commercial. Legal Developments by CMS Group.

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In the context of the ongoing globalization of the world’s financial markets and the current financial crisis, the relevance of Islamic financial markets and Islamic funds has continuously grown over the past years. Today, an increasing number of transactions and finance products are structured in compliance with the principles of the Sharia. Recent surveys show annual growth rates of 15 to 20 percent for the past five years. This is also reflected by the number of more than 300 Islamic financial institutions existing all over the world and the well over 250 mutual funds whose investment strategy complies with Islamic principles.

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