From Cpifinancial.net: Khaled Al-Aboodi, Chief Executive Officer and General Manager of the Islamic Corporation for the Development of the Private Sector (ICD), explained to Islamic Business & Finance how the Islamic Development Bank (IDB) Group and the ICD are battling to counteract the effects of the global financial crisis.
Although he agreed that Islamic finance is still at an early stage of development, with assets values expected to reach $1.5 trillion by the end of 2012, he predicted that we will certainly start to see a greater impact of Islamic finance products on global financial markets…………………………………….Full Article: Source