Shariah scholar appointed by Deloitte

Deloitte has become the first Big Four firm to appoint a Shariah scholar, in an attempt move in on the burgeoning Islamic finance market.

Mufti Hassam Kaleem will be responsible for signing off Deloitte Islamic finance products and confirming that they comply with Shariah law, the FT reports.

Islamic finance accounts for 2% of the global finance market and bankers are predicting double-digit growth in Islamic finance products.

Further reading:

Islamic Bank FD moves to Nottingham BS

Treasury to promote London as Islamic finance centre

Profile: Atif Raza, FD of the European Islamic Investment Bank