This can happen only if key messages and principles of Islamic finance are flexibly, constructively and innovatively interpreted, its conceptual framework further developed, nurtured and translated effectively into practical applications, and work is launched to better develop interface and linkages between Islamic and conventional finance and unleash the synergies to advantage of global financial development. Drivers for enhancing efficiency and competitiveness 4.
Few key drivers for enhancing efficiency and competitiveness of Islamic Finance include: (i)  Financial engineering and innovation. (ii)  Global financial centers and their regulators support for Islamic finance industry.