Islamic finance industry 'set to top $2 trillion'

MANAMA: The Islamic finance sector is set to become a $2 trillion industry in the next three to five years from its current $1trn mark in spite of the financial slowdown.

Though the Islamic finance industry has enjoyed rapid growth over the past few years, a key challenge is to ensure that this growth is sustainable.

The 17th Annual World Islamic Banking Conference (WIBC 2010), which will be held from November 22 to 24 at the Gulf Hotel, will feature high-level discussions and debates on building a new growth paradigm and ensuring continued success for the Islamic banking and finance industry.

One of the key roundtable sessions at WIBC 2010 will feature critical discussions on the evolution of the Islamic finance industry and re-configuring business models in the new global financial landscape. Continue reading