MALAYSIA: The Islamic finance industry grows at 14 per cent annually to RM3.1 trillion
Islamic finance has grown about 14% over the past 15 years.
Zainal Izlan Zainal Abidin estimates the Islamic finance industry at about US$1 trillion. It seems that the Islamic finance is penetrating new markets such as in Europe and Africa.
Zainal Izlan Zainal Abidin underlined the fact that guidelines to govern the issuance and offering of a wide range of capital market products and services had been put in place to ensure orderly development of Islamic capital market, and these guidelines were regularly reviewed to ensure their relevance and effectiveness