Professor Abbas Jalil, CEO of the Amanah Capital Group Limited (ACGL), said in the field of financial environment and Islamic banking, countries are divided into 4 categories:

1. The first category includes Muslim countries where financial and Islamic banking rules are established and implemented. Generally, countries that are members of the OIC. such as Iran, Saudi Arabia and Malaysia.

2. The second category includes non-Muslim and developed countries that benefit from Islamic finance and banking and their rules alongside conventional finance, such as the United Kingdom and Luxembourg.

3. The third category of countries that do not have financial institutions with Islamic rules but have a significant Muslim population: such as China, India, Russia, Kazakhstan, and Nigeria

4. The fourth category of countries that have neither a significant Muslim population nor financial institutions with Islamic rules, such as Mexico, Brazil, Argentina.

He added His greatest emphasis is on the third category. A large number of Muslims and believers who do not have the opportunity to use financial instruments for their daily affairs such as buying a house, starting a business, saving for Hajj.

Professor Abbas Jalil stressed that just as the halal food and beverage business has been able to develop in these countries. For example, India is one of the largest producers of halal meat, Islamic finance should also develop in these countries. Setting up simple instruments such as mutual funds or charitable funds and Hajj funds can be welcomed by many of these Muslims.

Regarding how to create a consensus and the financial means used by all Muslims, Abbas Jalil said unfortunately, achieving this consensus is not easy and this cannot be expected to happen in the future. No institution or country can be considered as a claimant of this matter, even the Islamic Development Bank, despite having members from all over the Islamic world, has not been able to reach this consensus so far. Therefore, actions such as having joint members among the Sharia committees of different countries who hear each other's opinions and arguments over time can be a prelude to this.

In addition, there are instruments that are not in conflict with the principles of any of the schools, so we can start to achieve that consensus with creating those instruments.