Islamic finance tipped to benefit from turmoil

The accountancy and financial adviser firm claims investors will seek alternative financial products with less risk in markets it describes as the most volatile since the 1930s. Dan Taylor, head of banking at BDO Stoy Hayward, says: “As the risk profile of Islamic banks is generally lower than conventional western banks, this presents a more solid option for both retail and institutional investors and suggests that dealings with Islamic financial institutions will grow dramatically as people switch to more secure products in this environment. “Further growth of Islamic banking in the UK...