| Although the size of Islamic financial assets are roughly US$1.2 trillion (RM3.72 trillion) to US$1.3 trillion (RM4.03 trillion) globally, it is only about 1% of the entire global financial system and hence, there are huge opportunities for growth.
Over the last five years, it has been growing at a rate of 10% to 15% per annum, said World Bank managing director Dr Mahmoud Mohieldin. He added that for now, Islamic finance was being driven by supply side factors. However, opportunities to grow were emerging especially with the commodity boom, quality inprovements in the Islamic products, more Islamic finance windows and the availability of syariah compliant indices...............................................Full Article: Source |