UK, Malaysia and UAE lead in Islamic Finance Research

The United Kingdom, Malaysia and the United Arab Emirates (UAE), were cited as the leading countries in Islamic finance research, according to the Islamic Corporation for the Development of the Private Sector (ICD)- Thomson Reuters Islamic Finance Development Indicator.

Thomson Reuters and ICD based their findings on five key components - quantitative development, governance, social responsibility, knowledge and awareness.

Based on its analysis, the IFDI has found that the UK is the global leader in Islamic finance education with over 60 institutions offering Islamic finance courses and 22 universities offering degree programs specializing in Islamic finance.

Malaysia and the UAE, both established global Islamic finance hubs, followed the UK in terms of a comprehensive Islamic finance education infrastructure.