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Islamic finance evolves as tool for international trade

Posted on 23 May 2011

Islamic finance has gained significant global exposure over the past decade and has evolved from an industry with a limited geographic reach to one that is now prevalent across key Islamic markets in the Middle East and Asia Pacific. Total global Islamic assets have witnessed phenomenal growth from $137 billion (Dh503.2 billion) in 1996 to $895 billion in 2010.
Assuming the current trajectory, total industry assets are likely to surpass $1 trillion by 2012……………………………………….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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