Capital Finance International in the UK has awarded Ethica Institute of Islamic Finance in Dubai with the Best Online Islamic Finance Education Provider Global Award. In recent months Ethica has also received "Islamic Finance Education Provider of the Year" from The European at the Global Banking and Finance Awards and "Best Islamic Online Finance Program" from International Finance Magazine Awards.
Islamic finance is gaining in popularity, not just in the Middle East but throughout the world. Between 2009 and 2013, Islamic banking assets grew at an annual average of 17.6%. That pace is picking up and may exceed 20% by 2018. A relatively young branch of the financial services industry, Islamic banking was first introduced on a commercial scale in the mid-1970s. After a slow start, the sector ballooned and today boasts a global asset base of well over two trillion dollars.