Islamic finance is the major way of banking and financing within Islamic communities. The Shariah-compliant segment is designed according to the Islamic law, which prohibits certain activities such as collection of interests, as well as investments in businesses deemed harmful, including pornography and tobacco.
Islamic finance accounts for around 3% of the global financial markets by valued assets, with key activities in Southeast Asian SEA markets such as Indonesia, Malaysia and Brunei, and the Middle Eastern region. Islamic finance consists of Islamic banking, Sukuk fixed income, Islamic equity funds and Islamic insurance, among other lines of business.
In the Middle East, the Islamic finance market...
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