Islamic finance is experiencing a growth spurt as new products and services come online to tap into nascent demand for Sharia-compliant products.
But as the trillion-dollar market starts to mature, many in the industry are wondering whether the industry is growing too fast and innovating faster than regulators can keep up.
Philippe de Backer, the global head of financial services at Bain and Company, says there is some doubt as to whether Islamic banking has enough momentum to move into the mainstream.
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