Strong oil prices will spark renewed interest in Islamic finance but the $1tn industry is unlikely to garner broad acceptance in the long term, eclipsed by the products and pricing offered by conventional banks.
With oil at over $100 a barrel, investors are expected to flock to Islamic finance in hopes of another Gulf petrodollar boom, similar to 2008 when record energy prices propelled the industry into the global spotlight………………………………………Full Article: Source