Areas of Work

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Advisory

The IFC aims to carry out a broad range of advisory functions including:

  • Training & Education: providing training services to corporate and educational instituions. IFC Board Members have lectured in the City of London, CASS and Aston Business Schools and held training workshops for local Imams in Scotland.
  • Research: provide thought leadership and bespoke research as commissioned. The IFC have been engaged in producing seminal research and issuing a number of academic articles that have added value and challenged the direction of Islamic finance. This has included presenting the key ideas and concepts that have been recognised by the international regulators (DIFC) as key to the future of the Islamic finance industry.
  • Tailored Solutions: providing advisory services and developing solutions. Using the skills of our Executive Managers we have produced Islamic finance solutions for local and international clients.

Promotion

The IFC works hard to promote the Islamic finance industry globally and to develop the local economy by helping to position the UK as a premier hub for Islamic finance. Examples of some of the promotional work undertaken by the IFC include the following:

  • Government Engagement: creating a conducive legal and fiscal framework to provide a level playing field for Islamic finance. The IFC has contributed to a number of consultation papers and its Board Members sit on various UKTI and Treasury sub-committees. In addition the IFC has been appointed by European Government bodies to assist in developing suitable Islamic finance strategies.
  • Special Projects: working with select partners to address the gaps in the Islamic finance industry. A flagship project launched in partnership with the Securities and Investment Institute (SII) is the IFC Shariah Scholar Professional Development Programme.
  • Awareness Campaigns: increasing awareness amongst key stakeholders within the community. Since 2005 the IFC has been holding a series of round table forums and conferences attracting leading industry players.
  • Developing the Local Economy: Scotland's strong tradition in innovation, excellence in education and ethical heritage make it an ideal birth place for new ideas and products. The IFC believes Scotland can benefit from the growth in Islamic finance by encouraging international trade and investment to promote local businesses and attracting new businesses to Scotland. The IFC continues to participate in international trade delegations and world economic fourms.