AFRICA attracts more investments from Islamic world

Islamic finance is undoubtedly one of the most exciting and high growth areas of the global financial sector. With the total assets of Islamic banks globally hitting the $1 trillion mark at the end of 2011 and with theindustry expected to grow to US $ 2 trillion by 2015, financial centres outside the traditional Islamic markets of the Middle East and South East Asia are increasingly positioning themselves to play a vital role in the further development of the Islamic finance industry. Says Prof Laurent MARLIERE, Ceo of ISFIN.

Africa presents a tremendous opportunity for Islamic finance and is the next logical or strategic decision for leading financial institutions looking to extend their products and services to a new high-potential market. Provided that the continent continues to grow at its current pace, which is the fastest in decades, incremental wealth creation will make it easier for the Islamicfinancial services sector to tap into this vast potential. We are delightedto be teaming up with some of the most prominent law firms on the African continent as we will seek to capture the Africa opportunity for Islamic finance, says MARLIERE.