IslamicFinance.de

Thomson Reuters and the Islamic Corporation for the Development of the Private Sector (ICD) released the Islamic Finance Development Report and Indicator (IFDI) at the World Islamic Banking Conference 2017 held in Bahrain. The report studied key trends across five indicators: Quantitative Development, Knowledge, Governance, Corporate Social Responsibility and Awareness. The IFDI global average value recovered to 9.9 in 2017 from 8.8 in 2016. This reflected improved performances in each area. Malaysia, Bahrain and the UAE lead the IFDI country rankings for the fifth consecutive year, while the GCC remains the leading regional hub for the industry. The report also highlights how Islamic finance can help countries adapt to difficult economic conditions.