Since April 6, 2007, the U.K. Financial Services Authority has regulated the Islamic mortgage market in the U.K. and the regulation has created significant growth in the industry.
HDG Mansur, a US & UK property investment company is planning to raise funds for Shari'ah-compliant real estate investments in Western countries. The fund, Al-Umran Global Property Fund aims to have a portfolio between $1.2 billion and $2.0 billion within a year.
According to Standard & Poor's, the regulatory environment in Malaysia lowers the industry risk of the takaful industry compared with the Gulf Cooperation Council.
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