Domestic cost pressures are strengthening amid high levels of capacity utilisation and tightening labour markets. So against this background, the Governing Council carefully reviewed the progress towards a sustained adjustment in the path of inflation to levels below, but close to, 2% in the medium term. Our assessment on the progress made was guided by the three criteria of convergence, confidence and resilience.
The global Islamic financial industry is expected to reach the total assets of USD 2 Trillion this year. The industry is growing at about 17.3 percent compounded average growth rate. It is almost twice as much as the conventional industry has achieved. 3.