Global Islamic finance industry outlook remains positive

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Kuala Lumpur

The outlook of the Islamic finance industry, particularly the Islamic capital market, remains positive in view of development at both the international and domestic levels, said the Securities Commission Malaysia (SC).
Its Development and Islamic Markets Business Group Managing Director, Zainal Izlan Zainal Abidin said some of these development were related to greater innovation and collaboration, which served to broaden and deepen the market.
“At the same time the number of participants – as issuers, investors or intermediaries – is also growing,” he said in his keynote address on the Global Islamic Capital Market Outlook at the 14th Islamic Finance Forum 2017 here, today.
Zainal Izlan said part of the growth potential of the Islamic capital market stemmed from its close alignment with sustainable or socially responsible finance.
“In this regard, opportunities for the Islamic capital market to capitalise on the similarities in the underlying principles between Islamic and sustainable investing are significant.