Islamic finance industry to double: Al Maraj

The current size of the Islamic finance of $1 trillion could be doubled by 2020. This potential can only be exploited through innovation, diversification and consolidation which will create sustained growth patterns, a top official at the Central Bank of Bahrain told.
The seminar titled Business Models in Islamic Finance: Challenges and Opportunities, was organised by the Islamic Financial Services Board (IFSB) and was sponsored by the Kuwait Finance House (KFH).
As a result, the Governor added, projections of spectacular future growth of the industry which rely on extrapolating the growth trends of the last five or ten years may not be the best guide to the future.