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Financial Services Authority Islamic Finance in the UK: Regulation and Challenges

In most of the countries surveyed, women are more likely to have a positive attitude towards the long term than their male peers. However, this is not true in Albania and Poland where men are more likely, or in Armenia and South Africa, where there is little or no difference between the genders. In none of the countries studied do women score more than men on the combined measure. Indeed in Albania, Armenia, Germany, Norway, Poland, South Africa, the UK and BVI women score significantly less. There is a noticeable variation in financial literacy by age and income. In most. | Financial Services Authority Islamic Finance in the UK Regulation and Challenges Michael Ainley Ali Mashayekhi Robert Hicks Arshadur Rahman Ali Ravalia November 2007 Contents 1 Introduction 3 2 The Islamic economic model 4 3 Development of Islamic finance in the UK 6 4 The FSA s approach to authorisation 10 5 Risks and challenges 16 6 Islamic finance in retail markets 20 7 Islamic finance in wholesale markets 24 8 Outlook 27 9 Conclusion 30 References 31 The Financial Services Authority .