New Trends in the Development of Islamic Banking and Finance by 2050

Author: prof. Dimov S. Hr., Ph.D Kairat Bolatovich Koishbekov, Ph.D student (Burgas Free University)

Keywords: islamic finances, islamic banking model, sukuk, assets of islamic funds, takaful, prohibition of riba.

The article attempts to analyze and predict Islamic banking and finance by 2050. It includes the global demographic structure in perspective, the demand for Islamic financial products, the new challenges to Islamic banking, the Islamic Financial Index as a new configuration of the status quo. There is also a breakthrough using Islamic financial derivatives. The authors also point to some future projections for Europe's development in the context of the spread of Islamic finances. The scientific material ends with comments on the new strategic choice.

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