Faith in Islamic finance on the rise in non-Muslim world says IDB and Thomson Reuters

For the second consecutive year, the Islamic Corporation for the Development of the Private Sector (ICD) presents findings from the Islamic Finance Development Indicator (IFDI), developed in collaboration with Thomson Reuters. The IFDI measures five key components that combine to depict the bigger picture of the state of Islamic finance in 92 countries: quantitative development, governance, social responsibility, knowledge and awareness. The number of Islamic finance conferences (>100 participants) worldwide surged by 41 per cent to 107 in 2013 from 76 in 2012, with 36 countries hosting conferences compared to 25 in 2012. Islamic finance in the UAE is most newsworthy, with Malaysia and rest of the GCC also make headlines. UK topped European coverage.