From Gulf-daily-news.com: Sharia-compliant philanthropy is on the rise with the Waqf sector (Islamic endowment) estimated at around $105 billion globally, according to various researches conducted by Ernst & Young.
“The Sharia-compliant endowment sector provides a unique impetus for the growth of Islamic finance including the nascent asset management industry,” said Ernst & Young director and head of Islamic financial services Ashar Nazim……………………………………….Full Article: Source