Despite being home to about 60% of the world’s Muslim population, the number of Islamic-compliant banking facilities across Asia is surprisingly low. This is changing, but there are big variations between countries.
According to data published by Pew Research in 2015, the four countries with the highest Muslim populations in the world are in Asia, with Indonesia, India, Pakistan and Bangladesh home to a total of 743 million people of the religion. However, Asian countries are only just beginning to introduce regulation on the creation of Islamic finance institutions.
