Islamic finance industry has shown an impressive growth of 15-20 per cent per annum with assets under management valued at $1 trillion. The industry is projected to reach $2 trillion in the next three years.
Islamic finance has become a global phenomenon with a number of non-Muslim countries also showing keen interest in this area. United Kingdom intends to make London the hub of Islamic finance with plans to issue sovereign sukuk and amend tax laws on Islamic finance………………………………………..Full Article: Source