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Islamic Financial Products: Creating Awareness

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What can be done to enhance the awareness of Islamic financial products? Who should do it, Islamic financial institutions, regulators, or who?

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Solution Summary

This solution explains how awareness about Islamic financial products should be created. The sources used are also included in the solution.

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Step 1
There are several steps which can be taken to enhance the awareness of Islamic financial products. First, the Islamic financial products should be advertised. These should be advertized over television, in Islamic newspapers, and on Islamic websites. The focus of the communication should be to communicate information about these products. The communication should explain what is Mudaraba, Musharaka, Murabaha, Salam, Istisna, Wadia, Hiwala, and Kafala. In addition, ...

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