Islamic finance had its start in the 1960s and 1970s with the influx of petrodollars into the Gulf region. The rapid development of Middle East markets - Saudi Arabia, Kuwait and the United Arab Emirates - has stoked interest in a type finance that is based on the principles of Shari'a. Industry experts estimate that Islamic finance has enjoyed double digit annual growth with nearly $1 trillion put to work in Shari'a structures.
This summer several experts came together to talk about the development of Islamic finance, some of the structures used by its market participants and examined this developing market's future. The discussion was moderated by Aleksandrs Rozens.