Islamic banking and finance, with total assets of $1.4 trillion and more than 1,000 institutions operating in many countries worldwide is all set for a big take off, says Professor Khurshid Ahmad, chairman of the Islamic Foundation UK and the Institute of Policy Studies in Pakistan and author of several books on the topic.

Home to some 70 million Muslims, Nigeria has stepped-up efforts to capitalise on the growing popularity of the one of the world’s fastest-growing financial sectors: Islamic banking.