The Islamic Finance industry has experienced significant expansion in the last decade with a growth of 15% per annum. Islamic banks' assets globally are forecasted to grow beyond $2 trillion and it is also projected that the Islamic finance industry will spearhead double-digit growth of about 20% between the years 2011 and 2015. Middle Eastern petro dollars, thriving Asian economics and a growing religious consciousness amongst the world's Muslim population together, has contributed to this phenomenal development of the industry. This growth, however, has not been without controversy. The...