Islamic banking and finance is rapidly growing to carter for approximately $700 billion in Muslims fund. This fund is looking to be mobilized and managed by Islamic financial institutions. Currently there are more than 520 Islamic financial institutions operating worldwide and the number is increasing fast. The annual growth of the IFI has been estimated at 15% and it is expected to accelerate in the future. With this rapid growth in the number of IFIs, the industry of Islamic finance needs human capital who are knowledgable in Islamic finance to ensure the compliance of these IFI with the Islamic rules and principals. Therefore, it is important to develope Shariah supervisory executives to carry out this important duty in Islamic finance.
This blog is a humble contribution toward enhancing public awareness of Islamic finance and banking. Terms, concepts, issues, ....etc will be explained and discussed here.
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