Islamic Finance in Southeast Asia: The Road to Critical Mass and Growth
May 02, 2023
Islamic finance has been steadily gaining traction in Southeast Asia, driven by a large Muslim population and a growing middle class. With Malaysia and Indonesia leading the industry, the potential for growth in the region is substantial. In this article, we explore the factors contributing to the growth of Islamic finance in Southeast Asia and the path to achieving critical mass in the industry.
Factors contributing to growth
The growth of Islamic finance in Southeast Asia can be attributed to several factors:
Demographic factors: The region is home to a large Muslim population, which naturally drives demand for Shariah-compliant financial products and services.
Economic factors: Southeast Asia has experienced rapid economic growth, which has l...