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Best prospects for Islamic finance outside core markets

Posted on 02 November 2011

Several emerging markets with large Muslim populations combine low bank penetration and a high return on assets with a relatively small market share for Islamic banking, and thus provide further opportunities for growth in the Islamic finance sector.
In a speech in the US at the end of September 2011, Islamic Development Bank president Ahmad Mohamed Ali restated the theme he has emphasised ever since the financial crisis took hold in 2008. “The principles of Islamic finance are capable of minimising the severity and frequency of financial crises by introducing greater discipline into the global financial system and requiring the financier to bear or share in the risk,” he told his audience………………………………………..Full Article: Source

 
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