*  *  *  Surge in capital from oil rich economies may have spurred the activity in Islamic Finance (IF) but one should not assume that this phenomenon will be the sole catalyst to promote growth in IF industry.
The primary driver of IF growth will be the effectiveness with which this industry is consistently, persistently and substantively nurtured, groomed and developed and how successful the industry is in maintaining its robustness, soundness and governance as it grapples with some of the fundamental issues and challenges facing the industry in its evolving and growth phase.