As CIBAFI expands beyond its GCC base, it will be able to share the experience of the GCC countries where Islamic finance has matured from a new industry to one that now makes up a substantial portion of bank assets. However, it should also remain focused in its core markets of the GCC where there remains a need to improve governance (including Shari’ah governance) and to clarify for consumers the status of Islamic windows relative to their conventional parents.
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