11.05.2011 - Islamic finance to drive trade and investment flows between Asia and the Middle East
Islamic finance has emerged as one of the most rapidly expanding sectors in the global financial system and is evolving into an industry with an increasingly significant global footprint. There are an estimated 430 Islamic banks and financial institutions operating in more than 75 countries and around 191 conventional banks that have Islamic banking windows. With the emergence of exciting new jurisdictions in addition to the strong growth showcased by established centres of Islamic finance in the Middle East and Asia, the industry has further reinforced its growing globalisation. (press Release)