In 2011 alone, the Islamic finance industry grew by 24.4 per cent to reach a $1.084 trillion dollars, while the global Sukuk issuance increased by more than 60 per cent up to 84.5 billion, says Abdulrazak ElKhraijy, Executive Vice President and Head of Islamic Banking Development Group.
Commenting on the role Islamic finance plays in the modern global economy, he said that “the global Islamic Finance industry has grown exponentially in the past years and has succeeded in attracting the attention of economists, bankers, policy makers and financial regulators across the world, especially in the wake of the global financial crisis.”……………………………………….Full Article: Source