Despite the uncertainty faced by the industry, I am confident that the Islamic financial industry could maintain its pace of growth in years to come.
There are at least five driving forces to sustain the industrial development including the growth of emerging economies, cross-border financial transactions, innovative Islamic financial products, regulatory advancement driven by more advanced and comprehensive regulatory standards, and continuous growth of Muslim population. 2  BIS central bankers’ speeches  Achieving greater sustainability in the economic development and financial outreach Distinguished Guests, Ladies and Gentlemen, 8.