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Islamic finance ‘crucial growth engine’

Posted on 21 February 2011

From Tradearabia.com: significantly surpassed its niche industry status to become an established component of the financial system, said an expert ahead of a key summit in Dubai. The fact that over recent years Islamic financial institutions have grown at a faster pace than their conventional peers confirms the increasing demand for Sharia-compliant financial products and services.
With the unprecedented growth of major economies in the Middle East, the region is increasingly becoming a more competitive and sophisticated market and the key players are targeting a greater share of the exciting growth potential for Islamic finance, according to David McLean, chief executive of Mega Events, organiser of first Annual Middle East Islamic Finance & Investment Conference (MEIFIC 2011)……………………………………….Full Article: Source

 
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