This document discusses Islamic banking and its role in international financial markets. It provides an overview of Islamic banking in Malaysia, where about 10% of banking transactions are Islamic-based. Globally, Islamic banking assets total around $260 billion, though they account for only 1% of the global banking system. The document also discusses the evolution of international financial markets and their increasing sophistication, concentration, and integration. It notes that Islamic markets have emerged to fill market needs, and that for Islamic finance to grow, it needs to create transparent, fair, and stable markets that satisfy customer needs.