The troubles afflicting conventional banks since 2007 have led to more attention being paid to Islamic alternatives. The abundance of wealth and liquidity in the Gulf region, fuelled by high commodity prices and strong economic fundamentals, has signiﬁcantly increased opportunities for those looking to the Middle East and Islamic finance. This can notably be seen in the success of Sukuks, the most popular Islamic finance instrument; they are becoming a global phenomenon, attracting more issuers from a larger pool of countries than ever before.
There appears to be great potential for further growth in the Islamic finance industry, which is still at a relatively early stage. However, there are also a number of challenges associated with developing a new industry.
PwC's professionals have the industry knowledge and experience to quickly understand your concerns and provide solutions that are tailored to the scale, diversity and complexity of your business.