“GOD gave you a gift of 86,400 seconds today. Have you used one to say ‘thank you’?” — Author unknown

I want to thank NST. Islamic Finance 2.0 is one year old.
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“Angel investors don’t come with a halo and wings, but they can seem heaven-sent to an entrepreneur struggling to find financing.” - Cathie Gandel.

By Rushdi Siddiqui, Global Head Of Islamic Finance, Thomson Reuters

Malaysia has raised the profile of Islamic finance, Takaful and Halal industry, and, now, she must do the same to venture capital (VC). VC is an important emerging asset class that should contribute to government’s objective of building a knowledge based economy by 2020.
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The price of oil is not the only ‘greaser’ for expansion of Islamic finance. Lately, a number of countries seem to be pre-empting social-movement-cum-change of regime as today’s ‘oil price’ facilitator for welcoming Islamic finance.

But what happens to Islamic finance when alternative energy, solar, bio-mass, wind, ocean, etc., becomes a viable replacement for oil or oil has simply ‘run dry,’ or ‘Arab street democracy’ arrives in the Muslim OPEC countries, or even the anti-Shariah movements in selected western countries finds another ‘boogeyman?”
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Innovation and the ensuing needed authenticity are the pre-requisites to move Islamic finance to 2.0 or $2-Trillion by 2015.

But, how best to describe innovation in Islamic finance? Famous quotes often capture succinctly the essence of the issue, and, for innovation in Islamic finance, the below quotes are a good beginning.
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