Today the total value of assets in Islamic financial instruments stands at an estimated USD950 billion. The major financial centres of London, Hong Kong and Singapore have joined market leader Malaysia in issuing Sukuk and /or other of Islamic financial products.
This growth is being fuelled not only through the world's 1.6 billion Muslims but also by consumers of other faiths who see Shariah-compliant products as offering a credible alternative for ethical investment that is, environmentally friendly and socially responsible.
Interest in Islamic finance from differing faiths is not restricted to end-product consumption. Finance industry personnel from many different religions and socio-economic backgrounds have also shown an ever increasing professional interest in the Islamic finance industry.
Key Infrastructure of Islamic Finance: