Over the past decade all pillars of the Islamic economy have grown exponentially (Shutterstock).

Islamic Finance

10 years on: What’s next for the global Islamic economy?


Dr Sayd Farook is a Board Member and Senior Partner for the global consulting firm Dinar Standard, which also manages Salaam Gateway and publishes the annual publication State of the Global Islamic Economy Report. Dr Farook is also responsible for Group strategy at Crescent Group which comprises Crescent Wealth Super, Crescent Finance, Crescent Institute and Crescent Foundation.

 

I recall the day vividly. It was December 2012 and I had been recently handed the responsibility to look after the Thomson Reuters global Islamic Finance and Capital Markets business stretching across four continents and deliver a profitable proposition for the group.

I had stumbled across a local newspaper article that spurred my excitement – Dubai led by H.H. Sheikh Mohammed Bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE (United Arab Emirates) and Ruler of Dubai, announced his intention for the country to become the global capital of the Islamic economy.

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Islamic Economy
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Dr Sayd Farook