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Islamic Finance Briefing - Categorized | Finance, Market Moves more

World Bank declares Islamic finance a priority area

Posted on 16 May 2011

The Islamic Financial Services Board (IFSB), the prudential and supervisory standard-setting organization for the global Islamic financial industry, embarked on a new phase of its development which may lead to a review of its mandate to facilitate a wider reach including those countries and organizations that are not currently members of the board.
This is reflected in the phenomenal growth of assets, albeit from a small base initially, reaching about fifteen percent per annum during the last decade and currently estimates at $1.2 trillion with the potential to grow to $4 trillion over the next few years………………………………………Full Article: Source

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