Saudi Gazette - Growth opportunities seen in Gulf as world trade shifts to emerging marts

Saudi Gazette - Growth opportunities seen in Gulf as world trade shifts to emerging marts:

"Islamic trade finance in its current state is still a small sector compared to global trade finance industry as a whole, a report issued by KFH-Research, a subsidiary of Kuwait Finance House KFH about international Islamic trade finance “Reality and Growth Opportunities” said.

However, the strong capabilities for commercial growth of the countries of the Organization of Islamic Cooperation, especially Middle East area and the GCC countries in particular, in addition to the increased interest in Islamic finance enable Islamic trade finance sector to be a promising sector in the near future. The report explained that the Islamic finance focuses on supporting concrete economic businesses, and commercial finance is one of businesses sectors that fit with the principles of sharia.

Therefore, sharia compliant banks are in a good position to take advantage of financial flows from Organization of Islamic Conference."

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