The global Islamic financial industry is expected to grow to US$2 trillion next year, propped up by growing demand from non-conservative countries, says Deputy Finance Minister Datuk Ahmad Maslan.
He said the world’s acceptance of Islamic Finance was growing as shown in the issuance of sukuk (Islamic bond) in non-conservative countries such as the United Kingdom (UK).
“We can see that the United Kingdom Government has started to issue sukuk. This is something shocking as we never thought such a thing will ever happen.
“This is an example of how we should venture out to foreign countries to promote Islamic financial instruments and to ensure that Islamic financial products are constantly expanding,” he said after launching “Islamic Banker Asia” magazine here today.