Islamic banking and finance has risen rapidly, and today there are nearly 500 Islamic banks operating in 75 countries around the world. The future is very promising as well, with assets projected to grow at 9.80% CAGR over the next 5 years to reach USD 2.61 Trillion. The QISMUT region continues to drive a lot of the growth, accounting for more than 80% of global read more...
Similar to BRICS, which have been recognized as fast growing economies by Goldman Sachs in 2001, the next wave of Islamic banking will be driven by QISMUT: Qatar, Indonesia, Saudi Arabia, Malaysia, UAE and Turkey. According to EY’s world Islamic banking competitiveness report, these six countries have been identified as rapidly growing markets (RGMs) read more...
