| The global Islamic banking and finance industry is on a strong growth path with worldwide assets in Shariah compliance growing four times from 0.5 per cent to two per cent of the world economy after the financial crisis. Malaysia today is the world’s third largest market for Islamic banking, takaful and sukuk. The country’s Islamic capital market tripled in size to a value of RM1.05 over the past decade.
In comparison, other large Muslim countries are still at an early stage of growth. According to intelligence group Inside Investors, global share of Islamic banking assets in Malaysia was expected to increase from eight per cent in 2009 to 13 per cent in 2020, and the global share of takaful contribution was expected to increase from 11 per cent to 20 per cent in 2020...............................................Full Article: Source
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