This research was undertaken targeting the Irish financial market where Islamic finance is the
main focus. It is a research instigated by the Irish government‟s announcement in the summer of
2012 where it aims to be a “Centre of excellence” for Islamic finance in Europe. Therefore, this
research will help identify how Ireland can achieve this objective.
Three interviews were conducted with professionals that are directly involved in the Islamic
finance system in Ireland. Findings from data‟s collected are transcribed and coded to provide
guidance for interpretations.
The study shows that there is a very slow progress of the development of Islamic finance in
Ireland. The correlation between the primary and secondary data of this research shows that in
identifying what is needed to be a “Centre of Islamic finance” and what has been done for
Islamic finance in Ireland, at the moment there is little done by Ireland to achieve this objective.
Thus suggesting that there are a lot more Ireland has to do to fill this gap. The research findings
show the government has a big role in the development of Islamic finance. Participants feel that
the government should be the one to instigate the market as proven by other successful mature
markets. Author keywords: Islamic finance