News Digest in Islamic Finance December 2019

“Planet, people and prosperity ― or the Three Ps ― are the new frontier of Islamic finance in bringing greater value to the economy, society and the environment, says the Sultan of Perak, Sultan Nazrin Shah.

While in many tangible ways Islamic finance industry has already helped to generate more socially conscious and sustainable economic system, much work needs to be done in these three key areas, he pointed out.”

Sultan Nazrin: Islamic finance set to be greater contribution to economy, society and environment

The Islamic finance industry’s assets grew to $2.5 trillion in 2018 from $2.4 trillion in 2017, a rise of 3 percent, according to the Islamic Finance Development Report 2019.

Islamic finance assets hit $2.5trln; banking assets total $1.76trln: ICD-Refinitiv

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