The reason Shariah-Compliant Finance was created was to promote Shariah and Islam. According to the Thomson-Reuters Islamic Finance Development Indicator (IFDI), it is accomplishing its mission…
• The number of Islamic finance conferences with more than 100 participants worldwide surged by 41% to 107 in 2013 from 76 in 2012, with 36 countries hosting conferences compared to 25 in 2012. Seminars, with fewer than 1oo participants, also increased by 17% to reach 124 in 2013 from 106 in 2012, with 35 countries hosting seminars compared to 30 in 2012.
• Malaysia, UAE and the UK hosted the most conferences.
• A clutch of new non-Muslim countries – Australia, Hong Kong, Philippines and Sri Lanka – joined the UK as Islamic finance gained visibility and recognition outside the Muslim world.