Thomson Reuters, the leading source of intelligent information for businesses and professionals, has launched Zawya Islamic, a unique information solution for Islamic finance and Shari’ah-sensitive investors.

The solution, launched at the Global Islamic Economy Summit that began today (November 25) in Dubai, comes as part of the company’s strategic vision to empower investors and professionals with business information by catering to the growing need for better access to Islamic finance investments and markets.

Russell Haworth, managing director, Mena, Thomson Reuters, said: “Islamic finance is one of the fastest growing tranches of the financial services industry globally. Yet, the industry suffers from high information search cost and asymmetry, transaction inefficiencies, lack of standardisation, among others.

“Zawya Islamic addresses the needs for any investor – Islamic or otherwise – to access the required information to conduct their work in a time-efficient way, in one place, and in line with Shari’ah laws, standards and regulations.”

Powered by data from Thomson Reuters and partnering with global Shari’ah and Islamic finance market players, standard setters and authorities, Zawya Islamic makes Shari’ah-compliant investment, decision making and networking with the Islamic markets easier amalgamating:

•    Fatawa, standards, regulations, legal documentation and product guidance notes, intelligently connected with scholars and instruments;
•    Deep fundamental data on global Sukuk, Islamic funds, Islamic banks, financial institutions and Shari’ah-compliant equities;
•    Islamic finance news, research, indices, money market and  benchmark rates;
•    The ICD Thomson Reuters Islamic Finance Development Indicator and the Islamic Finance Gateway Community.

Zawya Islamic will be sold as an add-on to Zawya Markets – the leading Middle East and North Africa business information and investment opportunities source - and can be viewed from the following link: www.zawya.com/islamic-finance. - TradeArabia News Service