Developments In The Islamic Financial Industry Across The World - Analytical Study

Abstract

In recent years, the Islamic financial industry has grown rapidly since it has many components of security, security and risk reduction. The industry has also developed widely, particularly with regard to improving the quality of banking services and devising new products to reach a wider customer base. It has also been contributing to economic development, which has grown positively through the establishment of numerous Islamic financial institutions with contributors from various countries around the world, and has changed many concepts of monetary policy. The aim of this study is to highlight the importance of the Islamic financial industry by providing an analytical study of the development of the Islamic financial industry in the world. This is through a review of the major developments in the Islamic financial industry in Malaysia and many Arab and global countries. Finally, the world has come to recognize the importance of Islamic banks and their success in addressing banking financial crises