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Trends: Islamic finance in Latin America

Posted on 13 January 2011

From Nasdaq.com: With Islamic financial institutions seeking to expand into emerging markets in Africa and Asia, could Latin America be next? While Islamic financial institutions have aggressively expanded through Asia and Africa, Latin America presents a new frontier. With Latin American economies growing strongly, they may find the $1 trillion global Islamic finance market an appealing alternative to traditional financing sources.
“There is significant opportunity for the Islamic finance system to provide an attractive alternative [to conventional bank financing],” says Arti Sangar, a partner with the law firm of Diaz Reus in Miami……………………………………….Full Article: Source

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