(MENAFN) A vital annual report was released to evaluate and examine the USD1.8 trillion Islamic finance industry's performance and development for the GCC, based on reports.

The report measures the key statistics and trends across five indicators which are quantitative development, knowledge, governance, corporate social responsibility and awareness.

However, the indicators go beyond GCC to track a total of 108 countries, which had contributions in all or some of these indicators, but GCC ranked on top in terms of the best outcomes.

Moreover, Pakistan, Jordan, Hong Kong and Ivory Coast are some of the nations that have proven positive movements in the Islamic Finance Development Indicator's 2016 ranking.