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Islamic Finance Briefing - Categorized | Banking, Performance more

Islamic banking gaining momentum

Posted on 31 December 2010

From Poten.com: The last few years have been volatile for banks around the globe, but Islamic banking has managed to steer a more steady course and is growing fast. The sector is worth billions of dollars and, according to some estimates, has grown by 20 per cent.

The concept of Islamic banking is based on making profit through trade rather than interest, which is against Islamic religious law. Almost every bank in Qatar is boasting its Islamic credentials, and they are not alone…………………………………….Full Article: Source

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


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