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Luxembourg for Finance joined 1200 delegates at the 2012 World Islamic Banking Conference (WIBC) in Bahrain. The event was notable for the wide range of countries represented and for the image that emerged of a sector that is adapting to different cultures. Shariah compliance need not be a “binary sum”, as one delegate described it: in practice the industry has evolved to meet the needs of Islamic communities in multi-racial societies. Luxembourg for Finance joined 1200 delegates at the 2012 World Islamic Banking Conference (WIBC) in Bahrain. The event was notable for the wide range of countries represented and for the image that emerged of a sector that is adapting to different cultures. Shariah compliance need not be a “binary sum”, as one delegate described it: in practice the...
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