Baku: Currently, the assets of Islamic finance have exceeded 4 trillion US dollars, Chairman of the Board of AAOIFI and former Minister of Housing of the Kingdom of Bahrain, Sheikh Ibrahim ibn Khalifa Al Khalifa, said at the 1st Azerbaijan International Investment Forum, APA-Economics reports.
According to Azeri-Press News Agency, Sheikh Ibrahim highlighted the rapid growth and expansion of Islamic finance, predicting that the total assets could reach 6 trillion dollars in the next 2-3 years. He expressed satisfaction that the Government of Azerbaijan is acknowledging the significance of this financial sector and anticipates that relevant legislation will be enacted soon.