Over the past years Islamic finance has experienced tremendous development, and this is due to the effort of many parties, including the Shari’ah scholars, market practitioners and regulators. It is hoped that such efforts will continue in the future, as the Islamic finance industry still has a long way to go before it matures and fully develops. The tradition and experiences of conventional finance have also been valuable to the establishment of Islamic finance, in that the Islamic finance stakeholders have been able to learn from and employ all of its positive and permissible ideas, tools and traditions.
