The issue is not whether the Islamic financial industry needs to learn lessons from the crisis, but what lessons it should learn and how it needs to adapt in the light of lessons learned from the crisis. BIS Review 67/2010  1  We are all familiar with the rapid growth of the Islamic financial industry in the years before the crisis.
In Bahrain we saw the total assets of the Islamic banks jump from $ billion in the year 2000 to $ billion by the end of the decade. The market share of Islamic banks increased from 1.8% of total banking assets to over 11% in June 2009.