From Moneyweb.co.za: The growth of Islamic finance continued strongly through 2009 and 2010, even as most of the world’s financial systems found themselves deleveraging amid the capital market downturn in global economies.
Standard & Poor’s (S&P’s) Ratings Services show that Shari’ah-compliant assets reached about $400 billion across the globe in 2009; with the potential market figures coming in at $4 trillion. Islamic banking - untouched by subprime-mortgage-backed securities and other “noxious assets” that devastated many Western institutions during the recession - continues to grow at a rate of about 20 percent a year………………………………………..Full Article: Source