IslamicFinance.de

The need for large investment in infrastructure – roads, railways, ports and housing – offers opportunities for Islamic finance, notably in Asia and emerging markets in general. However, Islamic finance needs an appropriate supervisory framework, and legislation is often the first step towards opening a new market. The market’s growth is driven by three factors: First, it is becoming part of normal retail and corporate banking in core Islamic countries, such as Saudi Arabia. Second, its growth appeals to other markets, particularly in the Muslim world. The third driver is innovation. Looking forward, the Islamic Economy is developing quickly. As consumption drives increased trade and economic links and the Islamic economy grows, new opportunities will require financing.