Islamic finance is now becoming an increasingly significant part of the global scene and Shariah compliant products are sold in many countries. However these are at an early stage and there have been few if any generally accepted principles for the management and conduct of Islamic institutions.

Cadogan Financial advised the Islamic Financial Services Board, which is developing a set of guidelines and principles, on generally accepted principles of conduct of business in developed markets as part of a project to create an Islamic conduct of business standard.

We also advised a pilot project to identify opportunities for and improve provision of Islamic finance to small to medium sized enterprises, which was piloted in Indonesia, in particular designing a Shariah compliant structure to enable the World Bank to raise funds to provide said finance.

Cadogan Financial also developed an understanding of the principles of Islamic finance from its work in Pakistan and Saudi Arabia.