Islam and money or in other words Islamic banking is simply sharing the profits and losses between the 2 parties involve in any transaction. Islamic finance assets is growing intensely with an expectation to reach USD 1.8 trillion by 2020.
Many conventional banks in the Islamic world has Islamic finance arm not to miss the opportunity. Most of the recent investment products in the Islamic world are comply with the Islamic finance law to cover larger clientele. For the last 10 years even non-religious clients prefer to have Islamic finance to conventional because it is less risky, more profitable and has a solid track record in a short period.
Islamic scholar reputation is an important marketing element for any new Islamic product/service;; the scholar is a credibility added value.
Choosing a scholar is a balance between his knowledge/awareness of Islamic finance law and understanding the business part of any product/service.
Adopting the Islamic finance law to the finance development is the success key of any new product or service.