But, in the end, their outlook will be influenced importantly by developments in Japan, Europe, and especially the United States. In Europe, gains in real GDP have remained modest, though inflation appears nonexistent. Arguably, the rapidity of the introduction of cutting-edge technologies has not seemed to be as evident in Europe as in the United States.
This signifies that the strategy of Islamic banking industry should be customer centric in its proposition, delivery and service. This demands for widening product range, improvement in operational efficiency and service quality. I would take this opportunity to urge industry to take full advantage of these Centres of Excellence with particular respect to product innovation and for conducting research on contemporary issues.