USA Regulations and Islamic Banking
Abdi Shayesteh - Associate in the New York office of King & Spalding
Section: United States
Permanent Link:
http://vlex.com/vid/444572
Id. vLex: VLEX-444572
It is a common misperception among industry analysts that the US is less willing to embrace Islamic banking in comparison to other western countries. Although they may not be as direct in advocating their support for the industry as public officials have been in the UK, US regulators have taken several significant initiatives towards the accommodation of Islamic banking products and services in the US as Abdi Shayesteh reports
USA Regulations and Islamic Banking
Abdi Shayesteh is an associate in the New York office of King & Spalding and a member of the Middle East and Islamic finance practice group. Prior to joining King & Spalding, Shayesteh was a regulatory specialist at for the Federal Reserve Bank of New York and a member of the Federal Reserve's Islamic banking working group.
Although the US is not the first place one would put on a list of countries that are prominently promoting Islamic finance, much is happening behind the scenes. At an informal and educational level, activity in the US is impressive. This includes participation by high-level government officials at s...
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