The Islamic commercial banking industry has managed to offer, over the the last forty years, an increasingly wide array of products that are able to cater to the needs of majority of the sectors of the economy. Shariah-compliant assets have been growing at a CAGR of at least 15% to reach US$1.3 trillion in 2011.
On the asset side, the segments covered include Corporate and Commercial, Agriculture, Consumer, Commodity Financing, SMEs sector, Treasury & Financial Institutions. On the liability side, the industry offers various deposit schemes such as: current accounts, Basic Banking Account, Savings Accounts, Term Deposits of various maturities, Certificates of Investment etc.
Dedicated institutions are also offering investment banking products and services including Sukuk Arrangement, Financial Advisory, Private Placement, Syndication, Trusteeship, Underwriting, Structured Finance, Listing on Capital Markets, Project Financing, Private Equity, Mergers & Acquisitions, Asset Management, Takaful, etc.
Nowadays, Islamic modes of financing are offered by both Islamic stand-alone institutions as well as conventional players through the so-called windows. This section lists sectors where ASSAIF is particularly active