The recent, rapid, and resilient growth of Islamic finance has raised its prominence in many member countries of the International Monetary Fund. The IMF observes that the impact of Sukuk (Islamic bonds) “is expanding with remarkable international reach of issuers and investors. This trend is expected to continue, driven, in particular, by strong economic growth in countries with large, and relatively unbanked, Muslim populations.” The World Bank notes that the “equity-based, asset-backed, ethical, sustainable, environmentally- and socially-responsible” Islamic finance industry is growing 10–12 percent annually. Further, there is “solid evidence that Islamic finance has already been mainstreamed within the global financial system—and that it has the potential to help address the challenges of ending extreme poverty and boosting shared prosperity.”
Omar Qureshi, "Introduction: Islam, Economics & Liberty," Journal of Market & Morality 25, no. 2 (2022): 333-337