KUALA LUMPUR: Islamic finance has achieved a substantial growth in the past two decades, annualising a growth rate of about 14% over the past 15 years.
Securities Commission Malaysia (SC) Islamic capital market executive director Zainal Izlan Zainal Abidin said the Islamic finance industry that was currently estimated to be worth about US$1 trillion (RM3.058 trillion) had made further headway in the Islamic traditional markets such as Malaysia and the Gulf Cooperation Council countries, while penetrating new markets such as in Europe and Africa. (source)
