azerbaijan: emerging market islamic banking and finance

NEWHORIZON Shawwal–Dhu Al Hijjah 1429
CONTENTS
Features
10 Islamic banking and finance:
social failure
Dr Mehmet Asutay from Durham University, UK, raises
a pertinent question of whether the Islamic finance
industry in its current shape and form is true to its
ethical principles.
14 Islamic dynamic strategies
Focus on the innovations for Islamic wealth management
industry – ‘Islamic dynamic strategies’ and ‘Islamic
Navigator’.
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20 Insurance with principles
Interview with Iqbal Gelu from Principal Insurance Holdings about the launch
of the company’s new venture, Salaam Halal Insurance, the UK’s first
independent takaful provider.
24 Azerbaijan: emerging market
Country focus on the small Caucasian country of Azerbaijan, whose booming
economy and forthcoming sweeping reforms of the financial sector look
promising for Islamic finance development.
38 Iran: technology focus
With growing demand for modern banking technology and a struggle for
international IT vendors to find a foothold in the Iran, domestic suppliers are
enjoying dominance in the market.
42 Innovation and authenticity
Regulars
Dr Nazim Ali, director of Islamic Finance Project at Harvard Law School, US,
focuses on these two crucial contributors to the industry’s success.
05 NEWS
Round-up of the important stories
from the last quarter around the
globe.
16 ACADEMIC ARTICLE
Islamic banking and financial stability.
19 RATINGS AND INDICES
Islamic credit ratings: how is your
bank doing?
22 APPOINTMENTS
Summary of appointments within the
Islamic finance industry.
30 IIBI LECTURES
July lecture reviewed;
October lecture preview.
32 IIBI NEWS
Cambridge workshop review and
other developments within the IIBI.
37 CALENDAR
Comprehensive diary of upcoming
Islamic finance events worldwide
endorsed by the IIBI.
44 ACADEMIC ARTICLE
Playing catch-up: implementing
corporate governance in Islamic
financial institutions.
50 GLOSSARY
www.newhorizon-islamicbanking.com IIBI 3