» Growth of the Islamic Finance at Arab and International Level

The report issued by the "Dubai Islamic Economy Development Centre" revealed expectations of growth in Islamic finance by 80% over the next five years to reach up to 3.28 trillion dollars by 2020. This includes 2.6 trillion dollars from the Islamic banking sector. The report said that the Islamic financial assets amounted 1.8 trillion dollars during the year 2014, 74% of which belongs to the banking service sector and 16% to the Islamic Sukuk. The report added the Islamic finance sector as the most developed of those areas that represent the main pillars of the international Islamic economy, as the performance and growth of the Islamic sector are measured widely through the value of Islamic financial assets.

A study on the future of Islamic banking in Egypt by "Ernst &Young" company found that there is a great opportunity for the growth of Islamic banking in Egypt and a number of other countries, as indicated by the growth in the demand for its own products. The study found that the Islamic banks exist in six key markets: "Indonesia, Saudi Arabia, Malaysia, the United Arab Emirates, Turkey and Qatar", and that some markets are making gains, led by "Egypt, Pakistan and North African countries. Islamic banks operating in the local Egyptian market have succeeded in causing exciting new projects to be fas t tracked, especially after declaring their readiness to enter the Suez Canal Axis Project and very high liquidity ratio has to be reckoned with.

An Executive Program of the Islamic Capital Market is in Bahrain. The Islamic Financial Services Board (IFSB) and the Bahrain Institute of Banking and Finance (BIBN) are organizing the second offering of their joint Islamic finance executive program entitled "Towards an Islamic Capital Market the Vital Opportunities and Challenges" on the 5^th and 6^th October in Manama. The program will focus on the key incentives to push the Islamic capital market into the next phase of growth and progress, from the perspective of those working in the market and academics. The program is mainly aimed at creating a better understanding of and an informed analysis of, Islamic capital markets. This will be achieved by discussing a range of contemporary issues as well as touching on the prospects of and challenges, relating to products and services of the Islamic capital market available in the global market. The topics to be discussed during the executive program with regard to the development of the Islamic capital market include: Progress, Alajahat and innovative structures for Sukuk, a new path for the growth of Islamic capital markets and Islamic real estate investment trusts, as well as the sound development of the capital market and the supervisory role