About a year ago, we were commissioned to write a substantive report on the Islamic capital markets. We were tasked with determining and projecting the future growth areas of the Islamic finance industry; both geographically, and in terms of product offerings.
Let us examine the case of Egypt. While Egypt is the birthplace of Islamic finance, and exhibits strong economic and demographic fundamentals, as well as latent demand, In our assessment from last year, we had predicted that Islamic finance will not grow (and may even decline) in Egypt for three reasons:……………………………………..Full Article: Source