Higher penetration of Islamic assets seen in emerging markets
Islamic finance has boosted in the past few years and has the opportunity to become the largest segment in a number of banking systems in the Middle East by 2020 with a penetration rate in excess of 50 percent of the local banking assets.
In Malaysia and Bangladesh, for example, it could be become close to 50 %, based on a research by HSBC Amanah using historical compound annual rate of growth.
Syndicate
