There is almost $1 Trillion USD assets managed by financial services firms compliant with Halal banking principles today, totaling almost 1% of assets held globally. Islamic banking has stringent guidelines around interest, fees, and loans and today there are less than 300 companies that specialize in this space.
Although many of the largest players are government run/influenced institutions there has recently been an incredible surge of interest from the private sector within the last five years. According to the S&P, this market has the potential to exceed $4 Trillion USD over the next decade.
Today Islamic Banking is not marketed well to the general public and tends to target high net-worth individuals. At Halal Advisory Group we have a team of experts to help guide you every step of the way in certifying your financial services company for expansion into new markets. Below is a list of some of the financial services we can certify as halal.
- Mutual/Equity Funds
- Venture Capital
- Micro Finance
- Ethical Investing
- Financial Advising
- Ethical Accounting
- Tax Consulting
- Estate Planning
- Mortgage Programs
- Insurance Programs
- Good Loans
