Lack Of Governance Affects Islamic Finance Growth In ME

islamic finance governanceExperts said that the Islamic finance industry is estimated to grow rapidly and more than double in the next four years.

By Mary Sophia

Lack of proper governance and regulation for Islamic finance can affect future growth and confidence of the sector in the region, industry experts have warned.

“The bigger you grow, the more transparent an industry needs to be in order to gain confidence. This happens only when there is proper governance and regulation,” said Ashruff Jamal, partner and global Islamic finance leader at PwC, Dubai.

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