Dr. Abdul Rahman bin Abdullah Al-Hamidy, Director General and Chairman of the Board of Directors of the Arab Monetary Fund, revealed that the Islamic financial industry has grown significantly in the volume of assets over the past years, with the volume of assets reaching nearly $ 3 trillion, with an annual growth rate of more than 10 percent.
In his speech at the opening of the first meeting of the IFSB Consultative Group in Riyadh, Al-Humaidi noted that "the Islamic banking sector is the largest component of the Islamic financial industry, as there is a prominent role played by Islamic finance in promoting financial inclusion, as it provides solutions to groups that may have refrained from dealing with the conventional banking sector for various considerations."
Source (Alkhaleej Emirati Newspaper, Edited)
