2014 - A Landmark Year For Global Islamic Finance Industry

The global Islamic finance industry has seen some key developments in 2014, as the industry achieved several milestones and continues to move towards greater sustainability and providing a wider range of financial services. By end of year, the total assets of the Islamic finance industry are expected to surpass USD2tln. Substantial debut sukuk issuances, from several non-OIC countries, saw the feasibility of sukuk outside the Muslim world. A number of landmark regulatory advances were made, and continued innovation, including Basel III compliant sukuk, sukuk for social causes and more cross-border sukuk activity have added further substance and sophistication for a deeper and more sustainable ecosystem.

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