The document discusses the growth of Islamic finance, particularly in the Gulf region. It notes that Islamic banks first formed in the 1970s in Muslim-majority countries and have since expanded to offer more complex financing schemes like bonds, leases, and retail banking. The growth of Islamic finance was further boosted by a reverse capital flight after 9/11 and higher oil prices. Both conventional banks and international agencies have also begun issuing sukuk bonds. The document argues that with continued infrastructure investment needs in the Gulf, there will be ongoing demand for project financing, including from Islamic sources of capital. It suggests opportunities now exist for Nigerian banks, investors, and companies to tap into Islamic finance markets.

1. WHAT’S IN IT FOR NIGERIAN INVESTORS Jubril Salaudeen Lagos – Nigeria 08034700331