The success of sukuk issuances by financial institutions underlinine the tremendous potential of Islamic finance industry, which has shown healthy growth despite the global financial crisis and the lull after it, said an expert.
“The present and future of Islamic finance and banking industry are very promising,” Ernst & Young Bahrain senior director Imtiaz Ibrahim said. “Islamic financial institutions are offering various deposit products on the basis of Wakala and Mudaraba, which are reliable sources of Sharia-compliant income for depositors and provides continuous liquidity stream to such institutions,” he said………………………………………..Full Article: Source