Several international banks like the Citigroup, HSBC and Lloyds TSB are offering Islamic financial products and services either through ‘Islamic Banking Desks’ within their conventional banking businesses or the establishment of separate banks or subsidiaries that specialise in financial products. Indeed, these banks have successfully added targeted services to their broader platform.
The sources of funds of Islamic financial institutions as well as the types offinancing proposed by Islamic financial institutions have evolved over time.