What are the growth prospects of Islamic Banking and Finance industry?

0 3 Views | Posted 2 months ago
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    Answered by

    Akansha Bisht | Contributor-Level 10

    3 months ago

    Islamic Banking is a growing industry filled with potential and brimming with opportunities for personal and professional growth. The following are some salient features that suggest room for growth:

    • Global Expansion: Islamic banking and finance is moving beyond its traditional markets in the Middle East and Southeast Asia and is gaining ground in Western countries like the UK and the USA.
    • Regulatory Acceptance: To make Islamic finance more accessible and to promote its expansion, several international financial centres have modified their regulatory frameworks to accept it.
    • Growing Demand: There is an increasing need for financial servic
    ...more

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