The development of Islamic finance is a joint effort of many different initiatives. With the support of multilateral institutions, it enables the Islamic finance industry to thrive even further. By providing multiple channels to the Islamic finance industry, they are creating a global bridge that enables Islamic finance to access multinational attention. »

Global Takaful Insights 2014 by EY Highlights Growth and profitability prospects for takaful operators vary significantly by markets and sectors, depending on the market’s economic maturity, industry and regulatory structure. Despite volatility in financial markets, there appears to be growth momentum in three key markets: Saudi Arabia, United Arab Emirates (UAE) and Malaysia. Acquisition of  mark... »

Technological advancement in finance provides better and faster access whilst providing newer financial transaction options. Currently, through internet and mobile banking, customers are able to execute financial and non-financial transactions from any location. As Islamic finance progresses, technology is becoming a key enabler for future business. »

The AAA rated supranational institution, Islamic Development Bank (IsDB) in a recent investors presentation highlighted projects it has co-financed. »

The paper discusses key issues related to the conduct of monetary policy in countries that have Islamic banks. »

The growing potential in Africa is expected to create more opportunities for Islamic finance, in light of its robust economic prospects and rising consumer base. As Islamic financial industry continued to experience growth, there is a dire need in highly skilled and talented human capital workforce that can drive the future developments and innovations of the industry. »

Indonesia, the world’s most populous Muslim nation, is currently taking action, at both the local and international levels, to distinguish the country in the global Islamic finance markets. »

The global Islamic fund and wealth management sector continued to experience growth due to the increasing affluence of investors who wish to invest surplus funds in a Shariah-compliant. »

Socio-economic justice which is one of the main features present in the Islamic financial system is critical in achieving financial inclusion. Financial inclusion helps to address slow investment growth, weak productivity and income inequality, exemplified by the present-day modest economic growth. »

The Islamic finance industry’s geographical presence has grown beyond its traditional markets in the Middle East and South East Asia to include new players from diverse regions such as Africa, East Asia and the Americas. Given the bright prospects for the industry in these markets, it is likely that Islamic finance will continue to expand there. »