Thursday, March 18, 2010

MIPIM 2010: Potential for the Islamic finance model?

Our first year real estate MBA students from the Wisconsin School of Business continue their coverage of MIPIM today. They attended Thursday's sessions and have sent back reports on the themes and conclusions from the day's panelists.

Graaskamp Center for Real Estate has partnered with MIPIM and CREOpoint to bring you coverage of all the events at MIPIM. You can see today's and the rest of the conference schedule here.

Our posts continue with this from the Thursday morning keynote address from Khaled Al-Aboodi, CEO of the Islamic Corporation for the Development of the Private Sector (ICD):

The Islamic finance model has the potential to bring economic growth all over the world. While the global economy is struggling, the Islamic finance model has been relatively safeguarded in comparison to the finance models in many other countries. A few reasons include: asset-backed investing, clarity in understanding transaction terms by all parties, shared risk and profit, and requirements for fair profit and ethical criteria in investment choices. Islamic financial products have grown in sophistication and now include retail and corporate bonds. Additionally, “forward leases” have been developed to meet the needs of buyers and developers.

For more coverage of MIPIM 2010, visit our partner

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