The global Islamic finance industry is currently estimated to be worth approximately $4 trillion, Sami Al-Suwailem, Acting Director General of the Islamic Development Bank Institute (IsDBI), said at the 20th IsDB Global Forum on Islamic Finance, which is being held as part of the IDB Group's annual meetings in Baku.

He noted that, by comparison, the IDB Group's assets amount to approximately $40 billion.

"In terms of scale, the group accounts for only about 0.1% of the global Islamic finance industry. However, its influence far exceeds this. Since its founding more than 50 years ago, the IDB Group has been and remains one of the industry's leaders. This demonstrates that leadership is determined not by size, but by quality," Al-Suwailem noted.

He emphasized that the key factors for success are the vision, values, and principles that underpin the bank's extensive programs.

"That's why innovation is crucial to fulfilling our mission. At the Islamic Development Bank Institute, we consider it a top priority. As demonstrated in our annual report, exhibition stand materials, and today's forum program, our specialists are constantly engaging with stakeholders and seeking innovative solutions to the economic challenges facing member countries using Islamic finance instruments," he said.

Source: Report.az