Islamic Investment and Finance Post-2009– 2010
and Beyond: A Sustainable Alternative

Abstract

After three decades of uneven and sporadic growth, the strength and health of Islamic financial institutions (IFIs) as an industry is well articulated by the fact that the industry is 430 IFIs strong in 75 countries out of 195, with total assets exceeding one trillion dollars. The industry continues to enjoy an impressive growth rate that has hovered between 15–20% for most of the last decade. The industry’s humble start was 30 years ago, as it arose to serve the Muslim population, which today stands at about 1.4 billion Muslims. The industry growth could be exponential if each country of the 57 Islamic countries established a true Islamic system under its central bank.