Islamic banks are less risky and more resilient than their counter parts in terms of bank capital requirement and mobilisation of deposits.
Somewhat perversely, the global financial crisis presented a big opportunity to the Islamic banking and finance industry. In 2008-2009, the Islamic banking industry was estimated to have experienced asset growth of 31.8% compared to 12.6% in the conventional banking. The Islamic bank total assets range between US$1.88 trillion to US$2.1 trillion in 2016 and are expected to reach US$3.4 trillion by 2018 globally. It provides an alternative financial services option to all consumers and investors.
