Abstract

As of 2019, the total Islamic Finance assets were around USD 2.88 trillion, while projections suggest an increase of volume reaching USD 3.69 trillion by 2024. Although the majority of those assets are concentrated in Muslim-majority countries, such as Iran, Malaysia, and Saudi Arabia, there is a clear trend of non-Muslim-majority countries (such as the USA or the United Kingdom) expanding their respective markets. This ongoing internationalization of the Shari'a-compliant financial market may raise some concerns as to the familiarity of involved stakeholders with the technicalities of ...