The Takaful or the Islamic insurance industry has just begun its journey on the path of proliferating growth as it still hasn't tapped the full potential of the investors across the world.

We screened around 810 companies in 50 countries worldwide offering Shariah compliant financial services. This is just a nominal fraction of the conventional finance industry so far.

The Middle East covers more than half (around 56 %) of the Islamic Finance market. Around 450 companies are located in this region. Leading countries are the UAE, Bahrain, Kuwait, Iran and Saudi Arabia.

When it comes to the hot destinations for sukuk and investment funds, Luxembourg is on the pathway of becoming one of the most popular locations. Currently, the Luxembourg Stock Exchange boasts of a proud collection of sukuks and forty two Shariah-compliant funds. There are fifteen sukuks with a combined value of $5.5 billion including the first international sovereign sukuk to be issued in 2002, i.e. Malaysia Global Sukuk with a value of $600 million, the Dubai Global Sukuk, the Pakistan International Sukuk, the Qatar Global Sukuk, and the Petronas EMAS Sukuk.

The recent infamous Dubai Financial crisis has been the talk of the town lately. Super growth and highly paced development has been a conspicuous trait of the Gulf regions, especially, the UAE. The rising debt worries have lead to a string of chain reactions in the form of decisions by the concerned Governments  and authorities to provide guarantee for the company performances . Investors and analysts have different analysis about the present situation and a numerous forecasts about what the future has in store for the Middle East world. The companies which were boasting of proliferating growth in the recent years have suddenly left investors doubtful about future indulgences and hence, got the credit rating agencies started thinking twice.