Q: How do you see the Islamic finance market evolving in 2011 and what are the significant changes taking place?
A: The Islamic banking industry has been growing at double-digit compound annual growth rates over the past few years. Malaysia and the GCC [Gulf Co-operation Council] countries have been particular beneficiaries of this strong growth. According to management consultancy Oliver Wyman, the Islamic finance industry is expected to grow at about 20% annually until 2012.
