Asia plays a significant role in both the global economy and the Islamic financial system. The Islamic financial industry in Asia has grown from strength to strength with total Islamic financial assets registering annual growth of 13.1% between 2010 and 2016. Asia has spearheaded a number of Islamic finance initiatives and innovative developments that create new growth areas which will further spur the industry’s progress. Moving forward, the region’s infrastructure development needs will also present large growth opportunity for Islamic finance to have stronger footing.

The paradigm shift towards a more sustainable investing has geared up. Green finance that forms part of the segment is also gaining traction, particularly to support transformation efforts towards green economy.

The paradigm shift towards a more sustainable investing has geared up. Green finance that forms part of the segment is also gaining traction, particularly to support transformation efforts towards green economy.

INFOGRAPHIC: Islamic finance development has become a centrepiece in many countries in the African region.

Islamic finance development has become a centrepiece in many countries in the African region. A number of market development and regulatory efforts have taken place in the region in recent years. Nigeria, Sudan, South Africa and Senegal, Kenya, Morocco and Niger among others have put in place necessary legal and regulatory frameworks to enable Islamic banking offerings in their respective jurisdictions.

INFOGRAPHIC: The global Islamic fund and wealth management sector is on the rise, a natural outcome of the growing demand for Shariah-compliant investment supported by increasing range of Islamic financial assets available in the market.

The global Islamic fund and wealth management sector is on the rise, a natural outcome of the growing demand for Shariah-compliant investment supported by increasing range of Islamic financial assets available in the market. As at end 1Q2017, the total global Islamic assets under management (AuM) were USD70.8 billion and the number of Islamic funds stood at 1,5351. There were only 802 funds with AuM of USD47 billion in 2008.

INFOGRAPHIC: 2016 Global Sukuk Review : A Snapshot Global sukuk market resumed positive strides in 2016 after three years of consecutive decline following its peak in 2012. Along with its rebound, thesukuk market also witnessed an important shift where corporate issuersdominated the market in 2016 with USD47.3 billion volume of issuance, representing a share of 63.2%. This is in contrast to historical trends where issuance was driven largely by sovereigns.

Global sukuk market resumed positive strides in 2016 after three years of consecutive decline following its peak in 2012. Along with its rebound, the sukuk market also witnessed an important shift where corporate issuers dominated the market in 2016 with USD47.3 billion volume of issuance, representing a share of 63.2%. This is in contrast to historical trends where issuance was driven largely by sovereigns.

The development of Islamic nance is a joint e ort of many di erent initiatives. With the support of multilateral institutions, it enables the Islamic nance industry to thrive even further. By providing multiple channels to the Islamic nance industry, they are creating a global bridge that enables Islamic nance to access multinational attention.