Using Islamic finance: Introduction

Islamic banking, although still small in size and offerings, is evolving and growing at a rapid rate. The market for Islamic financial products grew by more than 20% a year in 2007 and 2008. The total size of Islamic banking assets at the end of 2007 was estimated at about US$ 580 billion;3 another US$ 300 billion was invested in Islamic mutual funds; and the Sukuk or Islamic bond market represented over US$ 100 billion of assets.

Sustainable Development Goals:

Industry, Innovation and Infrastructure