Level playing field could help ‘unlock’ Islamic finance potential, says Lagarde
Speakers at the Islamic Finance Conference in Kuwait highlight benefits
Conventional banking regulation could be slowing the expansion of Islamic finance, according to speakers at a conference held in Kuwait City on November 11.
At the event hosted by the Central Bank of Kuwait, the Middle East Center for Economics and Finance, and the International Monetary Fund, Christine Lagarde, the IMF's managing director, set out the challenges that must be tackled to "unlock the promise of Islamic Finance".
"The first priority is to level the playing field, creating an
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