MTI Consulting

You are here: Home
Saturday, 19 May 2012

Rise of Islamic Finance

Rate this item
(7 votes)

Islamic finance has emerged as one of the fastest growing areas of international finance with an estimated USD900bn under management growing at a rapid pace over the past decade. Representing an underserved, opportunity-rich global market of 1.3bn people, there are more than 300 Islamic financial institutions operating in approximately 75 countries in this field. Unlike in the past when Islamic finance was concentrated within the Islamic countries of the Middle East, Northern Africa and South-east Asia, Islamic finance has started gaining momentum within Muslim-minority countries such as the US,  the UK, India and Germany.