IslamicFinance.de

There has been a significant growth in Islamic financing in recent years, and yet there is still strong potential for further growth, particularly through crowdfunding. This was debated during an expert panel on the final day of the 10th World Islamic Economic Forum (WIEF) in Dubai. The relationship between the markets and the people has been demonstrated in detailed research which shows that, in the long run, a 30 per cent growth in equity markets can lead to 20 per cent growth in GDP per capita. The panel agreed that Islamic capital markets are more efficient at mobilising funds to support sustainable growth that traditional markets. The experts however, also called for standardisation.