4th Mediterranean Islamic Finance Forum
22 – 23 November 2017 in Barcelona, Spain
Islamic financial services industry has witnessed dynamic growth in the last decades. In the last 10 years the industry has been doubling in size almost every 5 years. And the General Council for Islamic Banks and Financial Institutions (CIBAFI) expects that the Islamic financial service industry would reach the size of 4 trillion by the end of 2020. This growth trend will continue with a boost of interest from non-traditional Islamic finance markets, being at forefront of introducing and developing Islamic financial services in their markets. Recent developments at the International Monetary Fund (IMF) board level, Ensuring Financial stability in countries with Islamic Banking being systematically important, is yet another development milestone for the industry.
With the growing interests and high-growth prospects for Islamic finance across both traditional and non-traditional markets in Europe, Africa, and Asia, the Mediterranean & African region in particular may take the opportunity to gain the momentum of this global trend. Islamic finance with its primary objective being the promotion of economic prosperity and human welfare may play a vital role for further economic development and fostering prosperity in the Mediterranean and African region.