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The value of Islamic finance is expected to surge

Posted on 11 February 2011

From AKI: Islamic finance and banking is worth around 1 trillion dollars and is destined to grow more than 4 times the rate of conventional investing, according to analysts at Deloitte & Touche. The international financial adviser expects the industry to surge 28.6 percent a year and have a value totalling 5 trillion dollars in 2016. By comparison, growth in conventional finance is forecast by Deloitte & Touche to grow 6.6 percent per year during the same period.
Other financial forecasts are more conservative. Credit Suisse expects Islamic finance to be worth 3 trillion dollars in 2016, while McKinsey Global Institute says growth depends on the price of oil……………………………………….Full Article: Source

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