02.06.2011 - Islamic finance moves towards a new era of growing global connectivity
The increasing presence of Islamic financial institutions in new jurisdictions and the accelerating internationalization of Islamic finance have increased cross-border trade and investment flows that are Shari'ah-compliant. With the growth of Asian economies relatively unshaken by the global financial crisis, there is tremendous demand for financing and investment into real economic activities including corporate, trade and infrastructure financing. Recent reports indicate that the Asia region is expected to account for one-third of global trade and would require financing of around US$8 trillion up to 2020. With Asia being recognized as a dynamic growth region in the post-crisis landscape, there is substantial potential for the growth of Islamic finance in the region. (Press Release)