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Wednesday 13 Jan 2016 - 12:53 Makkah mean time-3-4-1437
Dr. Abdulrahman Al Hamidy
Abu Dhabi, (IINA) - Islamic services and products have seen significant growth over the recent years, said Director-General and Chairman of the Board of Arab Monetary Fund (AMF) Dr. Abdulrahman Al Hamidy, WAM reported.
Since 2000, the Islamic finance industry has grown by up to 20 percent to $2 trillion by the end of 2014,'' he added.
He noted that the delivery of Islamic insurance services offered a testament to the robust evolvement and expansion of the Sharia-compliant banking services and solutions.
''We expect that growth to accelerate with rapid pace driven by increasing demand for these services and willingness of banks including traditional actors to offer Islamic financial services,'' Al Hamidy said in his welcome address at the four-day Islamic Insurance (Takaful) programme.
Twenty-four participants from 12 countries are attending the event, which is being jointly organized by the Abu Dhabi-based AMF and the World Bank.
SM/IINA
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