Overview of Islamic Finance

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    Islamic finance is fastest emerging industry in the sector of finance. Islam is second most dominant religion in the world, around 1.6 billion called Muslims themselves.

    Islamic finance emerged as an alternative of traditional finance and growing with fast pace in MENA and South East Asia.

    Assets of Islamic finance industry reached at $ 2.1 Trillion and it estimated to grow to $3.0 Trillion till end of 2018.

    Currently falling oil prices shaken the economies of Gulf, which could be somehow a threat to Islamic Finance industry where the large portion of market share occupied by oil-rich countries. But recent announcement of privatization of world largest company “Saudi Aramco” will definitely put a positive impact on the industry.

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