IslamicFinance.de

The Shariah-compliant sector has grown to $1.6 trillion in assets over the past three decades. That's why Muslim and non-Muslim financiers from around the globe have noticed the growing investor pool with enough cash to make a serious impact. In Africa, a handful of countries have already laid the groundwork to enable Islamic banking, and some of London’s newest landmarks were built thanks to Shariah-compliant bonds. Other countries have also made forays into the sector. However, there's a general lack of understanding of what Shariah entails, particularly relative to the financial world. Given the fact that a large proportion of the populations in developing countries in the Middle East, South Asia and Africa will be looking for Shariah-friendly ways to finance their projects, the sector is likely to continue its growth.