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Bridging the gap of Islamic finance in Russia and the CIS

Posted on 15 December 2010

From Themoscowtimes.com: The first experience of Islamic finance in modern times formally started in the 1960s. This relatively young industry has emerged as one of the world’s fastest growing in the financial services sector, not surprisingly driven by the high energy prices and the expansion of the banking sector in the Middle East and Southeast Asia.
However small from a global perspective, with an estimated $1 trillion of assets and expected to reach $2.5 trillion by 2015, according to the Islamic Financial Services Board, sharia-compliant banking has become a financial force that net importers of capital, countries and companies alike, need to recognize and accommodate……………………………………….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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