It is better to have a slower growth rate due to relatively restrictive regulations than to suffer a ‘subprime’ crisis. There are reports that Islamic finance players want a balanced regulatory framework that does not hamper the industry’s growth.
But Adil Ahmad, former CEO of Kuwait International Bank, says the industry is growing at a very healthy rate of 15-20% per annum, so the regulations can’t be all that restrictive………………………………………..Full Article: Source