From this figure, Islamic finance represents a modest 1% of global financial assets, but its growth in recent years is notably impressive. Islamic finance related assets have continued to grow at a robust 10-15% per annum on average since the mid-90s, and are expected to maintain this speed of expansion over the next few years.
In October of last year, I gave an address to a meeting of the New Zealand Institute of International Affairs under the title “Asian Prospects and Challenges”.