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ISLAMIC FINANCE: THE UNITED STATES AND UNITED KINGDOM EXPERIENCES

ISLAMIC FINANCE: THE UNITED STATES AND UNITED KINGDOM EXPERIENCES. Presenter Name: Vincenzo Paparo, Esq. ISLAMIC FINANCE: THE UNITED STATES AND UNITED KINGDOM EXPERIENCES. Presented by: Vincenzo Paparo, Esq. vpaparo@proskauer.com 212.969.3125.

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ISLAMIC FINANCE: THE UNITED STATES AND UNITED KINGDOM EXPERIENCES

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  1. ISLAMIC FINANCE: THE UNITED STATES AND UNITED KINGDOM EXPERIENCES Presenter Name: Vincenzo Paparo, Esq.

  2. ISLAMIC FINANCE:THE UNITED STATESAND UNITED KINGDOM EXPERIENCES Presented by: Vincenzo Paparo, Esq. vpaparo@proskauer.com 212.969.3125 10870108

  3. Muslims Residing in the U.S. and U.K.(Best Estimates) Total Muslims worldwide approximately 1.5 billion (20%) U.S. • Population Concentrations • 2 to 7 million • Average Age • Much Younger than U.S. average • Average Income • Above the U.S. average • Immigration U.K. • Population Concentrations • Approximately 2 million Muslims in U.K. (over 10 million in Western Europe) • Average Age • 28 (13 years below overall average • Average Income • Significantly below average • Immigration • Potential Mortgage Market of 6 billion pounds 10870108

  4. Islamic Finance Institutions in the U.S.* 10870108

  5. Other Islamic Financing Institutions in US • Abrar Investments, Inc., Stamford CT • Al-Baraka Bancorp Inc. Chicago • Al-Madina Realty, Inc., Englewood NJ • Al-Manzil Islamic Financial Services • Ameen Housing Co-operative, San Francisco • American Finance House • BMI Finance & Investment Group, New Jersey • Failaka Investments, Inc., Chicago IL • Fuloos Incorporated, Toledo OH • Hudson Investors Fund, Inc., Clifton NJ • MSI Finance Corporation, Inc., Houston TX • Samad Group, Inc., Dayton OH • Shared Equities Homes, Indianapolis IN • HSBC, USA • MEF Money, USA • Islamic Credit Union of Minnesota, (ICUM) • United Mortgage 10870108

  6. Islamic Financing Institutions in UK* • Albaraka International Ltd, London • Albaraka Investment Co. Ltd, London • Al Rajhi Investment Corporation, London • Al Safa Investment Fund • Bank Sepah, Iran • Dallah Al Baraka (UK) Ltd., London • Takaful (UK) Ltd, London • Barclays Capital • HSBC Amanah Finance • ABCIB Islamic Asset Management, Arab Banking Corp. *(Major International Banks often have Islamic windows which provide various Islamic Financing in UK and US which might not be fully Sharia compliant) 10870108

  7. Nature of Consumer Islamic Finance Types of Financings U.S. Home Mortgages and Car Financings Small Business Financings Mutual Funds U.K. Housing Finance Mortgages Bonds/Notes (Sukuk) Mutual Funds 10870108

  8. U.S. and U.K.* Commercial RE and Project Finance Bonds (Sukuks) Investment Funds For Foreign Investors Acquisition and Working Capital Financing* Law firms Financing “Borrowers” Commercial Financings 2 Types of Transactions 10870108

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