Posted by: islamicfinancingnews | January 4, 2013

Islamic finance industry continues growth

islam-8 Growth of Islamic finance, which includes financing alternatives such as Islamic mortgages, is expected to continue in 2013 as evidenced by the scheduled gathering of Islamic finance scholars, banking representatives, stakeholders, as well as financial regulators and experts from around the world next month at the LIFE-4 Global Forum in Malaysia.

The objective of this year’s conference sponsored by Insaniah University College, Malaysia’s first Islamic University, in partnership with the IsDB, Deloitte and other partners, is to bring representatives from many aspects of the industry and different parts of the world together to focus on ways to promote the global growth potential and practices of Islamic finance. The competitive services of Islamic banking and the overall growth of the industry will be highlighted at the event where scholars and global participants will be provided with the latest information on Sharia compliant financing alternatives.

A recent article on the upcoming LIFE-4 Global Forum from Nigeria’s LEADERSHIP newspaper website reports that Nigeria is one country that has introduced regulatory frameworks to develop Islamic banking and asset management and hopes to benefit from the shared experience and knowledge of regulators and operators from other parts of the world. Experts say Islamic financial assets globally have reached the $1.6 trillion mark with an estimated six hundred financial institutions conducting Islamic finance in approximately seventy-five countries worldwide.

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