Islamic finance is an industry that has enjoyed headline-grabbing growth in recent years, but now pressures are beginning to mount. Unquestionably, sharia-compliant institutions in most markets are looking at a rosy future while Islamic banks continue to outgrow their conventional peers, and frontier markets from Indonesia to Pakistan remain relatively untouched.
However, the challenges ahead are common to any young but maturing market, including the need to establish a globally coherent set of rules and guidelines to encourage sustainable future growth.
