Episode 65 – What’s Really Holding Islamic Finance Back?

Why does Islamic finance still struggle with standardisation, accessibility, and product credibility?

In this episode, we speak with Ijlal Alvi, CEO of International Islamic Financial Market (IIFM) about what’s really holding the industry back. 

We talked on topics from the overuse of tawarruq and the lack of unified Shariah standards, to why retail sukuk remain out of reach. We also cover IIFM’s mission, milestones, and the future of Islamic capital markets.

Latest IIFM sukuk report-https://www.iifm.net/sukuk-reports

🕒 Timestamps:
00:00 – Introduction to Islamic Finance and Guest Background
06:16 – Early Exposure to Islamic Finance
11:59 – Role and Mandate of IIFM
15:08 – Achievements of IIFM
18:00 – Challenges of Harmonisation in Islamic Finance
23:31 – Importance of Standardisation in Islamic Finance
26:18 – Critiques of Islamic Finance Instruments
26:58 – Challenges in Islamic Finance Assets
29:18 – Critiques of Islamic Finance Practices
31:20 – Liquidity Issues in Islamic Finance
32:56 – The Need for Islamic Financial Benchmarks
34:03 – Sukuk Market Trends and Developments
40:11 – Impact of Geopolitical Factors on Sukuk
44:24 – Sharia Standard 62 and Its Implications
47:37 – Emerging Technologies in Sukuk Issuance
49:15 – Retail Sukuk and Accessibility
51:03 – Future Projects and Developments in Islamic Finance

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