Posted by: islamicfinancingnews | June 13, 2013

Recent Islamic Finance Conference Looks To Global Standards

Kita-Disyorkan-Memilih-Islamic-Loan Experts in Islamic finance attending the 4th Annual World Islamic Banking Conference in Singapore recently addressed many of the issues surrounding the Islamic finance industry in Asia.

Industry leaders from over 175 regional and international financial associations attended the WIBC Asia 2013 conference where the need for international industry standards and cross-border connectivity was high on the list of priorities. Industry experts hope that developing diversified Sharia compliant financial solutions to meet the needs of regional and international businesses, combined with global standards, will help to increase the growth of international transactions.

With the progression and integration of Islamic banking into both the mainstream and global financial systems, Islamic finance has grown over the past decade witnessing a twenty percent annual increase in the last five years. In fact, recent reports estimate total assets in 2011 reached $1.3 trillion. North American Muslims who are looking for Islamic finance products in order to stay Sharia compliant can find all the information they need by following the links back to the parent website of this blog.

Here at home, it should come as no surprise that Islamic finance, which includes different areas like Islamic loans and mortgages, has also experienced amazing growth over the past several years.

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