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Islamic finance gaining momentum

Posted on 29 November 2010

From Zawya.com: Increasing popularity of Islamic funds and the revival of the Sukuk in the global financial markets will serve as a catalyst for the global Islamic finance market rediscovering the momentum it previously built up prior to the global financial crisis, organizers of the upcoming two-day International Shariah Investment Convention (ISIC) in Kuala Lumpur said.

Worldwide Shariah-compliant assets, including deposits at Islamic finance institutions, have been pegged at $950 billion by Moody’s but could grow to $1.6 trillion by 2012…………………………………….Full Article: Source

 
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