Takaful

Islamic Finance: Areas for Innovation

Islamic finance industry has evolved and grown considerably since its inception in a rudimentary form during 1960s. The focus of the Islamic finance industry during its initial stage of inception was to create customer awareness and product development. However, the increased recognition and awareness, along with high demand resulted in rapid growth in the value and transformation of the industry over the next few decades. The global Islamic finance industry realised $2.1tn of assets in 2014 and is gearing up...