The Brave New World and the Role of Islamic Finance

by Muath Mubarak  

Today there are more than 700 Islamic Finance Institutions (IFIs) operating in over 75 countries across the globe ranging from full-fledged Islamic banks, Insurance firms to the capital market. Islamic finance is expected to grow USD 5-8 Trillion globally in asset size by 2020 but the incorporation of high tech developments in the industry should result in multifold asset size much greater than expected.

Hence there is a ...