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Bumpy road ahead for $1 trillion Islamic finance industry in 2011

Posted on 10 January 2011

Ashar NazimFrom Aabnews.com: With over 20 percent of sustained annual growth and having achieved the critical volume estimated at $1 trillion in Islamic assets by 2010, the Islamic financial institutions are at crossroads entering 2011, according to Ernst & Young.
“The industry is expected to continue to show resilience in the face of a challenging economic scenario. This is despite the fact that growth levels of the Islamic finance industry, at more than 20 percent per annum for the past several years, came under tremendous pressure in 2010,” said E&Y in a report……………………………………….Full Article: Source

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