The global asset value of Shariah-compliant finance, dominated by the Shariah banking sector and the global sukuk (Shariah bond) market, will expand further at an average annual growth rate of around 17% with total assets projected to come close to $3.5tn by 2018. This is the one of the main messages of a new report by the Organisation of Islamic Cooperation (OIC) and its Standing Committee for Economic and Commercial Cooperation (Comcec) released last week, named “Financial Outlook of the OIC Member Countries 2015.”
