29 April 2013
The current unprecedented level of interest in Islamic finance has been generated by a growth in the wealth of a number of Islamic states, together with a change in the socio political climate over the last few years.
The global Islamic financial services market is now estimated to be worth almost US$1.14 trillion, having grown by approximately 33% between 2010 and 2012. Despite the rapid growth, the global Islamic finance market only represents about 1% of the worldwide financial services industry. The continued potential for growth of Islamic finance means that investors are increasingly looking to tap into the opportunities offered by Shari'a compliant products and services.