Islamic Finance in Reims Management School

Abstract

Islamic Finance (IF) has experienced phenomenal growth in the last decade, particularly in the Middle East and North Africa, Southeast Asia and recently in the West. It has become an important alternative banking and financing method all over the world. More than 300 IF institutions are operating in more than 70 countries. Their combined assets exceed $500 billion with an annual growth rate of 12-15 per cent. The continued growth of this industry even during the financial crisis raises the problem of a shortage of specialists.