JEDDAH – The value of assets in the Islamic finance sector is expected to increase by 80 percent over the next five years, reaching $3.24 trillion in value by 2020, initial findings from the upcoming State of the Global Islamic Economy (SGIE) report revealed. The report, which is commissioned and supported by Dubai Islamic Economy Development Centre in partnership with Thomson Reuters, and in collaboration with DinarStandard, will be published ahead of the second Global Islamic Economy Summit (GIES), which is taking place in Dubai this October. Islamic Finance is considered the most developed sector within the various pillars of the Islamic economy. The growth in the global Shariah-compliant economy is broadly measured by the value of Islamic Finance assets. In 2014, Islamic Finance assets had an estimated value of $1.8 trillion. The 2015 summit, organized by Dubai Chamber, the Dubai Islamic Economy Development Centre (DIEDC) and Thomson Reuters, is set to gather over 2,000 policymakers, thinkers and business leaders on Oct. 5-6, 2015 at Madinat Jumeirah, Dubai, UAE. — SG
