The Islamic finance industry has seen rapid growth in recent years, with Shari’ah-compliant banks often outpacing their conventional peers.
By the end of 2017, the total volume of the Islamic Finance industry will reach $2.7 trillion. According to ICD Thomson Reuters, in 2015, total Islamic banking assets were only $1.45 trillion.
This sharp uptick has come despite sharply declining oil prices and the slow economic pace in the Middle East.
Al Sana Group believes this trend is set to continue as more banks launch Shari’ah-compliant products.